South OC CA is still HOT

[Marco Chaidez]

Investment Info:

Single-family residence fix & flip investment in Mission Viejo.

Purchase price: $807,000
Cash invested: $95,000

Under contract for over asking price! Scheduled to close with an all cash buyer (vetted), no contingencies or assignments, on 11-24-21. Total interior remodel, fully permitted, and completed! Professionally staged. We are so proud of our team.

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

Having other flips in the same tract made this an easy purchase.

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

MLS deal, showed seller our history of purchases. made a fair all cash offer that best suited their needs.

How did you finance this deal?

HML, & Private Money

How did you add value to the deal?

cosmetic rehab. very close attention to detail

What was the outcome?

rehabbed in 2 1/2 months. Got over 30 offers. Under contract now with an all cash buyer over asking. Will update after CoE

Lessons learned? Challenges?

Communicating, being fair but firm with contractors, and keeping a clear chain of command is key to run a tight ship.