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?
How did you find this deal and how did you negotiate it?
How did you finance this deal?
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?
@Michael Nugent I learned the very same lesson flipping a house in Redlands
Great deal -- was this north or south of the 10? And was this a historical house?
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