Updated over 2 years ago on . Most recent reply
- Real Estate Agent
- 2335 American River Dr Ste 100 Sacramento, CA 95825
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9244 Henley Way
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $305,000
Cash invested: $45,750
Sale price: $405,000
Bought this property from a distressed seller. Put about $40k rehab in it, full kitchen, bathroom, flooring, paint, exterior landscape, baseboards, etc. and sold it for a profit.
What made you interested in investing in this type of deal?
Lucrative opportunity to fix and flip this property.
How did you find this deal and how did you negotiate it?
It was presented to me through a marketing channel.
How did you finance this deal?
Hard money
How did you add value to the deal?
Remodeled the whole thing and got a good deal on it
What was the outcome?
Profit in between purchase price, rehab and sale
Lessons learned? Challenges?
Bought when the market was slow and needed to buy deeper.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself!