Kickstarting my REI journey

[Vu V.]

Investment Info:

Single-family residence buy & hold investment in Oakland.

Purchase price: $602,500
Cash invested: $70,000
Sale price: $625,000

This is a 1914, 4bed/1.5bath SFH located in Oakland, CA.
Currently, I am looking to increase the value of the house by cosmetic fix-ups with an updated floor plan to turn it into a 5 bed, 2.5bath SFH.

What made you interested in investing in this type of deal?

It's definitely the ability to house-hack.

How did you find this deal and how did you negotiate it?

Via my wonderful agent, Houston Garcia.
It was a motivated seller type of negotiation. We tried our best to accommodate and meet our end of the bargain.

How did you finance this deal?

Conventional

How did you add value to the deal?

Adding 1 bathroom and 1 bedroom. General cosmetic fix up

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes! Check out Houston Garcia at Compass.