Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago,

User Stats

30
Posts
0
Votes
Michael Carter
  • Real Estate Investor
  • San Diego, CA
0
Votes |
30
Posts

Escondido before/after pics.

Michael Carter
  • Real Estate Investor
  • San Diego, CA
Posted

My partner and I bought this condo for $131K got 100% funding short term funding with closing costs paids, and just closed today for 180K. Had a couple hiccups. When we purchased the HOA was in arrears and escrow sent the check to the HOA attorney trust account instead of the corp office, and by their guidelines had to sit their for 28 days. We rehabbed in 7 days and had a buyer before we even funded. This was extremely annoying for obvious reasons but hey I learned on my first condo dealing with HOA's. We did net the 6% for real estate commissions whic netted us an extra 8K. Our rehab costs were 10,500. All the right things were wrong with the property. The ugly (imo) countertops were already in so we didnt touch. We had a good bckplash with bad grout color. shouldve gone dark. We painted everything including the popcorn ceilings, which looked pretty good. Better than I thought it would.

We did new lights, stained the bathroom cabinets, basebords, tile in kitchen and living room. It was a basic cosmetic flip. Their was some bad wiring and plumbing we had to take care of. All in all it went pretty smooth. We took in a cash buyer at a conservative sale price to close quickly. The first one with no agent fell out so we put on market and got cash buyer same day. I'll try and upload the flip calculater that we used to give a breakdown of all costs.

I dont know how to post pics, can someone show me and I will post before and after pics.
its a 3/3 bath condo 1621 sf.

Loading replies...