Updated almost 4 years ago on .
Off Market Fixer Buena Park Flip
Investment Info:
Single-family residence fix & flip investment in Buena Park.
Purchase price: $570,000
Cash invested: $95,000
Sale price: $880,000
Flipped home in Buena Park, off market deal. Originally a hoarder home, with walls so icky you'd want two gloves to turn the light switch on
What made you interested in investing in this type of deal?
Off market fixer, found as a result of the purchase of a fixer down the street. We were familiar with plan checkers, inspectors, etc.
How did you find this deal and how did you negotiate it?
Owner of home called us, let us know she wanted to sell off market. Negotiations and price was based off the condition of the home.
How did you finance this deal?
HML, Private
How did you add value to the deal?
Total remodel, down to the studs.
What was the outcome?
Another beautiful home in a beautiful neighborhood. We got to partake in the neighborhood winter decorations.
Lessons learned? Challenges?
Excellent communication with neighbors is key.
