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San Diego Real Estate Forum
HomeForumsSan Diego Real Estate ForumNeed help with rehab cost for property in La Jolla
Kirky Galt's profile image
Kirky Galt's profile image
Kirky Galt
  • Real Estate Broker
  • from San Diego, CA
  • Member since Sep 25, 2015
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Kirky Galt's profile image
Kirky Galt's profile image
Kirky Galt
  • Real Estate Broker
  • from San Diego, CA
  • Member since Sep 25, 2015
Connect
Kirky Galt
  • Real Estate Broker
  • San Diego, CA
28
Votes |
125
Posts
San Diego Real Estate Forum

Need help with rehab cost for property in La Jolla

Kirky Galt
  • Real Estate Broker
  • San Diego, CA
Posted Oct 11 2017, 11:32

I’m working with an elderly seller in La Jolla that will likely be facing a short sale unless we can improve the condition of his property before resale.

The property currently has a reverse mortgage of 1,164,000. The ARV is 1.4 million. 1.2 As-Is. Rehab costs are in the range of 30-50k. Plenty of upside potential.

San Diego, California
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