Single-family residence fix & flip investment in Vallejo.
Purchase price: $278,500
Cash invested: $102,000
Sale price: $650,000
Complete fixer with a death in house.
What made you interested in investing in this type of deal?
It was a good opportunity that didn’t want to list home on mls so I offered with the other investors the sellers showed it too.
How did you find this deal and how did you negotiate it?
I was running by and saw people
Cleaning out in hazmat suits. So when I got home I searched tax records and mailed them a hand written letter. Called me a week later
How did you finance this deal?
Paid cash and partnered with another person
How did you add value to the deal?
Compete renovation plus I brought deal to contractor
What was the outcome?
Lessons learned? Challenges?
Permits and spending too much time at property doing work myself. It affected my real estate business.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am the real estate agent.
@Patrick Brooks how long did it to take? Did you have a trusted contractor or was it your first time working with them?
Wow! Great job Patrick.
Congrats Patrick! That's a killer deal for that area!
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