Diamond Bar Project

[Eric Chan]

Investment Info:

Single-family residence fix & flip investment in Diamond Bar.

Purchase price: $500,000
Cash invested: $500,000
Sale price: $650,000

Fix and Flip

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

Being able to mold something in my own image and rejuvenate the neighborhood while making a little money on the side is a great feeling.

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

I specialize in finding deals on the MLS

How did you finance this deal?

HELOC

How did you add value to the deal?

full cosmetic flip

What was the outcome?

75,000 profit.

Lessons learned? Challenges?

Find a great team and stick with your buy price.

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

No.