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Updated over 2 years ago on . Most recent reply

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Pierre Daniel Viard
  • Real Estate Agent
  • Sacramento
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4516 Juno Way Sacramento ÇA 95864

Pierre Daniel Viard
  • Real Estate Agent
  • Sacramento
Posted

Investment Info:

Single-family residence fix & flip investment in Vicco.

Purchase price: $419,500
Cash invested: $52,000
Sale price: $525,000

Fix and Flip
Converted family room into master bed and ensuite to make a 4/2 out of a 3/1.5

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

Love the idea of giving a new life to an old house and unleash its full potential.
Make money as doing so.

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

On MLS
Bought at the right time for the right price.

How did you finance this deal?

Cash

How did you add value to the deal?

As per pictures, new kitchen, new baths, refinished floors, converted family room into master bed and bath.
Top quality materials at designers costs thanks to my partner.

What was the outcome?

Great success.
Life saver cause it was during the lockdown. I don’t know what I would do with myself during that time without this project.

Lessons learned? Challenges?

When I put my mind to something I can reach my goals.
Delegate as much as possible to save time and money. Specially now as an agent.

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

Yes.
Worked on the project as I was waiting for DRE to reopen to get my real estate license.

  • Pierre Daniel Viard
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