Rehab Property in Country Club area of Stockton CA

3 Replies

Investment Info:

Single-family residence fix & flip investment in Stockton.

Purchase price: $190,500

This home is a fixer-upper with great potential because of location and size of lot. It is located in a very desirable neighborhood, near Stockton Golf and Country Club. It is sitting on a little over 1/3 of an acre, and is close to schools, shopping, and easy access to I-5.

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

Very good price for this area

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

Found deal thru our real estate agent in the area

How did you finance this deal?

Financed the deal via Hard Money and Private Money

How did you add value to the deal?

Add a 3rd bedroom, remodeling the kitchen and changing the floor plan

What was the outcome?

The Rehab is in Process and should be complete is about 2 weeks

Lessons learned? Challenges?

Major challenge was finding a very good contractor to work with and we were able to find one

the bottleneck for many investors (myself included) is what @Jo-Ann Lapin referenced GOOD CONTRACTORS! One is typically tough to find but if you are trying to scale your business youll need a few and THAT is what is very very hard

Awesome @Tom Fuerte - Hope the rehab is going smooth! If you need another contractor for future projects, I have a GC that I got referred to.

I’m in escrow on my first property which is in Stockton as well! It’s a 2-unit property a couples blocks from UOP that I’m planning on house hacking.

Also, if you need any recommendations on other areas in Stockton to invest in then let me know! Most of the area by Stockton Golf and Country Club isn’t the safest, but there are a few pockets of good areas. I grew up in Lodi but am very familiar with Stockton.

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