Luxury Flip in Sedona

Luxury Flip in Sedona

Lender · Member since 2023 · 10 posts · 2 votes

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $680,000

Purchase Price: $680,000.00
Est. Sales Price: $875,000.00
Lender % of purchase price: 80
Lender % of rehab budget: 100
Rehab Budget: $41,000.00
Loan Amount: $585,000.00
Time to flip (months): 12
Profit/Loss: $106,951.00
Rent per month: $4,000.00

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

Wholesaler

How did you finance this deal?

HML

How did you add value to the deal?

$41,000 Rehab, 66.86% of the ARV

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

Lender: Ana Kehoe

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  • Residential Real Estate Broker · Sedona, AZ · Member since 2017 · 754 posts · 504 votes
    3y
    Quote from @Ana Kehoe:

    Investment Info:

    Single-family residence fix & flip investment.

    Purchase price: $680,000

    Purchase Price: $680,000.00
    Est. Sales Price: $875,000.00
    Lender % of purchase price: 80
    Lender % of rehab budget: 100
    Rehab Budget: $41,000.00
    Loan Amount: $585,000.00
    Time to flip (months): 12
    Profit/Loss: $106,951.00
    Rent per month: $4,000.00

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

    Wholesaler

    How did you finance this deal?

    HML

    How did you add value to the deal?

    $41,000 Rehab, 66.86% of the ARV

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

    Lender: Ana Kehoe

    I recognize that home.
    Good luck! I hope it turns out great.
  • Contractor · Scottsdale, AZ · Member since 2010 · 2k+ posts · 3k+ votes
    3y

    I love Sedona. Thanks for sharing. I this a deal you just bought or one that is finished and sold?

    (Also a light critique... I wouldn't' consider this a luxury deal. Sadly, $875k is more like an entry level home in Sedona nowadays)

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