THE Little CRAFT-MAN that survive REDLANDS

2 Replies

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $210,000
Cash invested: $269,000
Sale price: $305,000

CRAFT-MAN home in the heart of the city within walking distance to everything and easy access to the 10 fwy. Enjoy this 3 bedroom, 2 bathrooms, with in-house laundry, 2-car garage detached, RV access, Ally access...single story home. You will love the BRAND NEW HVAC, water heater, recess lighting. PLUS, All new gray wood laminate flooring, bathrooms with Italian carrera-like tile, real wood double-sink vanities with marble and granite tops, White-Quartz counter tops & 6" back-splash in kitchen with White shaker self-closing cabinets, nickel brushed hardware and stainless steel appliances. There is a ceiling fan in every room, all new doors, most windows are new, updated deck & wrap around porch.

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

THE PRICE

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

WHOLESALER

How did you finance this deal?

CASH

How did you add value to the deal?

PRESERVED THE TRUE ERA CHARACTER AND CONVERTED A LAUNDRY INTO A FULL OPERATING BATHROOM

What was the outcome?

SUCCESS. IT SOLD IN JUST A FEW DAYS FOR OVER ASKING.

Lessons learned? Challenges?

ALWAYS ALWAYS ALWAYS GET A SECURITY SYSTEM ON A VACANT HOME

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

NOPE

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you