San Bernardino SFR Fix & Flip Transaction
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $123,500
Cash invested: $85,000
Sale price: $406,000
3 bed / 2bath, 1,336 square feet building, 8,040 square feet lot size
Neglected and run down property, occupied by unauthorized hoarders
How did you find this deal and how did you negotiate it?
This lead was obtained by working with Retran, a "foreclosure" website
This transaction was a short sale approved
How did you finance this deal?
Hard money lender 100% financing
How did you add value to the deal?
I did a complete rehab in the property
What was the outcome?
It was great by being compensated generously