Updated 4 months ago on .
Mid-Century Modern Beauty!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $900,000
Cash invested: $350,000
Sale price: $1,600,000
This was a good solid project that came out great! But, as can be typical, there were some hidden and unplanned issues which needed to be addressed during rehab, causing additional costs and time. In the end properly addressing those issues were a very important factor in selling the house very quickly. This property had an amazing one-story layout that I loved, but, I may be biased, since I grew up in a similar mid-century modern style house.
What made you interested in investing in this type of deal?
A good solid area that I knew well. This property had great bones and size and didn't need any additions, just a major rehab.
How did you find this deal and how did you negotiate it?
Off-Market deal presented to me from a Broker contact of mine. I did have to compete with a few of his other investors, but I saw more opportunity than they did.
How did you finance this deal?
Private Money Investor.
How did you add value to the deal?
Full rehab, some new utilities (electrical, plumbing), some areas were gutted to studs, new beam to open up some living areas, all new finishings, and interior, redid entire backyard and pool, etc...
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, me and yes, I would highly recommend me. :P
.....The system won't let me add pictures right now. I'll try later.