North Tustin Fix and Flip

[Joe Homs]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $585,000
Cash invested: $685,000
Sale price: $790,000

Contributors:
Ryan Mitchell

Stunning Modern Farmhouse home. Newly renovated 4 beds 2 bathroom single story home in a desirable neighborhood. Walk inside and you feel like your in a model home. White open kitchen with marble mosaic backsplash, white marble styled quartz and professional stainless steel appliances. Beautiful laminate floors throughout the home. Stone fireplace and wood mantel. New windows and doors throughout. Master bedroom features spa-like bathroom, a wood barn door, and marble mosaic wall backsplash.

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

Nice spread.

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

On the MLS as an entry listing only. We dealt directly with the owner to negotiate the price.

How did you finance this deal?

Cash

How did you add value to the deal?

Complete rehab inside and out. This property was vacant for a long period of time.

What was the outcome?

Sold the first weekend.

Lessons learned? Challenges?

The County of Orange building and services department was a little difficult to deal with, but we got through it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Ryan Mitchell