Ernest Way Sacramento California fix and flip project.

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Ernest Way Sacramento California fix and flip project.

Dave Flaherty
Member since 2024 · 2 posts · 2 votes

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $75,000
Sale price: $430,000

Pocket listing. Friend of mine wanted to unload it for his parents. Worked out very well.

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

Opportunity presented itself. I had always wanted to do a flip.

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

Pocket offering.

How did you finance this deal?

Cash

How did you add value to the deal?

Complete home improvement project.

What was the outcome?

Positive outcome. Nice profit.

Lessons learned? Challenges?

Learned so much on this project from start to finish.

1Reply
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  • Scott ScovilleBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2019 · 497 posts · 272 votes
    2y
    Quote from @Dave Flaherty:

    Investment Info:

    Single-family residence fix & flip investment.

    Purchase price: $200,000
    Cash invested: $75,000
    Sale price: $430,000

    Pocket listing. Friend of mine wanted to unload it for his parents. Worked out very well.

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

    Opportunity presented itself. I had always wanted to do a flip.

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

    Pocket offering.

    How did you finance this deal?

    Cash

    How did you add value to the deal?

    Complete home improvement project.

    What was the outcome?

    Positive outcome. Nice profit.

    Lessons learned? Challenges?

    Learned so much on this project from start to finish.


    Congrat's! How long did the project take? We're finding fixers all over Sac. Are you looking for your next flip?

    [email protected]415-933-2202
    Scoville Realty & Investments LLC
    WebsiteView Page
    0Reply
  • Dave Flaherty
    OP
    Member since 2024 · 2 posts · 2 votes
    2y

    Project took about 2 months. I’m absolutely interested in doing more flips in Sacramento and el dorado county. 

    1Reply
  • Gordon CuffePro Member
    Investor · Roseville, CA · Member since 2009 · 1k+ posts · 583 votes
    2y

    You made a nice profit. It is tough finding off market houses to flip so I hope you find something. 

    0Reply
  • Alan F.
    Flipper/Rehabber · CA · Member since 2023 · 1k+ posts · 1k+ votes
    2y
    Quote from @Dave Flaherty:

    Investment Info:

    Single-family residence fix & flip investment.

    Purchase price: $200,000
    Cash invested: $75,000
    Sale price: $430,000

    Pocket listing. Friend of mine wanted to unload it for his parents. Worked out very well.

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

    Opportunity presented itself. I had always wanted to do a flip.

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

    Pocket offering.

    How did you finance this deal?

    Cash

    How did you add value to the deal?

    Complete home improvement project.

    What was the outcome?

    Positive outcome. Nice profit.

    Lessons learned? Challenges?

    Learned so much on this project from start to finish.


     Congrats! Great to hear about some successes.

    0Reply
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