Million Dollar Fixer And Feel Lucky!

[Eva Salas]

My son and his partner went in to contract on a 960k 1500 sq ft 3/2 SFR on the Bay Area peninsula a week ago. I actually found it, helped get it in contract, and will lend on it when it closes in a few weeks.

Yes, everyone feels it's a great opportunity! The agent, who is fairly young and inexperienced, is a friend of mine who brought it to me and said "If only you had the money..." I told him you don't worry about that!! The guys are getting a hard money first, and a second from me. 125k in rehab and estimated ARV of 1.4-1.5 M

I'm not much interested in being an active flipper, but will be able to walk my dog past and look at the progress regularly. Excited for all!!