Luxury SoCal Coastal Home
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $2,750,000
Cash invested: $500,000
Heavy Renovation After Purchase from Wholesaler. Lots of challenging design problems to overcome which is why the deal was interesting and I was able to find value.
What made you interested in investing in this type of deal?
There is only so many houses with ocean views in nice areas.
How did you find this deal and how did you negotiate it?
I found it through a wholesaler
How did you finance this deal?
Hard money, private money
How did you add value to the deal?
Aside from renovating everything, I fixed the design flaws that other investors couldn't figure out.
What was the outcome?
The outcome was an outstanding luxury home that I am proud of
Lessons learned? Challenges?
I think we could have been quicker on the renovation.
