Single Story Rehab in Las Vegas!!

Single Story Rehab in Las Vegas!!

Flipper/Rehabber 路 Las Vegas, NV 路 Member since 2017 路 15 posts 路 12 votes

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $276,000
Cash invested: $45,000
Sale price: $349,900

Purchased this probate property on the MLS for $276,000, spent $45,000 on the rehab, in escrow currently for $349,900! Rehab included demo of a few interior walls/kitchen soffit to open the property up, all new interior paint/flooring/base boards, exterior paint, roofing repair, AC unit, replaster of the pool, equipment maintenance, all new landscaping, full new kitchen, all new showers/valves/tile. WOW!! We closed the purchase on 11/28/18 and listed 1/11/19!!

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

MLS

How did you finance this deal?

Personal Capital

How did you add value to the deal?

FULL REHAB!!

Lessons learned? Challenges?

Pool equipment and package units are no joke!!

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Rental Property Investor 路 Las Vegas, NV 路 Member since 2017 路 134 posts 路 93 votes
7y

Looks great and congrats to closing! 

are your numbers right though? looks like a net loss after commissions and closing costs? 馃

Im in Vegas too, would love to link up some time! 

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  • Real Estate Investor 路 Las Vegas, NV 路 Member since 2016 路 399 posts 路 260 votes
    7y

    Great job!

  • Rental Property Investor 路 Las Vegas, NV 路 Member since 2017 路 134 posts 路 93 votes
    7y

    Looks great and congrats to closing! 

    are your numbers right though? looks like a net loss after commissions and closing costs? 馃

    Im in Vegas too, would love to link up some time! 

  • Flipper/Rehabber 路 Las Vegas, NV 路 Member since 2017 路 15 posts 路 12 votes
    7y

    @Stephan Kraus OMG good catch!! I accidentally went off memory for purchase price lol $263,000 was my purchase price on this one. The $276,000 purchase was 3785 Duneville which is still for sale!! I will fix now. haha great job man! I also include the purchase commission in my profit as I am licensed.

  • Rental Property Investor 路 Las Vegas, NV 路 Member since 2017 路 134 posts 路 93 votes
    7y

    @Tyler Hubbs that makes sense then! good job, im actively for the next property, if you come across something you cant take on yourself im happy to pay for leads / work with another agent - im going to send you a colleague request 馃馃徏

  • Real Estate Agent 路 Henderson, NV 路 Member since 2011 路 1k+ posts 路 550 votes
    7y

    Good stuff!  Thanks for sharing.  

  • Robert AdamsBusiness Member
    Real Estate Broker 路 Henderson, NV 路 Member since 2009 路 1k+ posts 路 373 votes
    7y

    Congrats on the deal! On to the next.

    The Adams Team at Rothwell Gornt Companies4.970 Reviews
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