MY NEW FLIP: I'll be Posting Weekly Updates Here

[Shawn Ward]

BP Community,

This is Shawn Ward of Belle Hampton Properties in Los Angeles. My partner and I just purchased our next flip in South Los Angeles and decided that instead of posting a success story at the end (which I still hope to do), I'd actually post weekly updates here and can take you guys along the journey with us and answer any questions that may arise. 

Background:

List Price: $425k

Purchase Price: $410k

Financing: With Hard Money Lender & Private Investor

Rehab Budget: $75k

ARV: $625k

Target Flip Timeframe: 10-12 Weeks

House: Beautiful Craftsman (see attached); it's a 2/1 now and we are converting it into a 2/2.

SIDE NOTE: We just went into contract on a second flip in Montecito so we'll be doing two flips at the same time. 

Stay tuned,

Shawn