Updated almost 2 years ago on . Most recent reply
Recent fix n flip
Investment Info:
Single-family residence fix & flip investment in Valley Village.
Purchase price: $225,000
Cash invested: $20,000
Sale price: $280,000
I purchased this property as a subto with the intention of doing a fix/flip. I was able to get into this property
with $20k down and $20k in rehab. I made a 62% return on investment when sold for $280k
What made you interested in investing in this type of deal?
It was a subject to deal that I only needed $20k to get in and $20k for rehab
How did you find this deal and how did you negotiate it?
This came from my team and I negotiated the subto terms because she was motivated to sell, but had a mortgage higher than my cash price.
How did you finance this deal?
I used my own cash.
How did you add value to the deal?
I rehabbed with paint, new flooring, new fixtures and staging.
What was the outcome?
I made $25k which was a 62% return on investment.