Live - In Flip with Value Add

[Molly Arnott]

Investment Info:

Single-family residence fix & flip investment in Sebastopol.

Purchase price: $900,000
Cash invested: $85,000
Sale price: $1,100,000

We bought ourselves ANOTHER fixer, seems like a trend here. This was a single family home in beautiful Sebastopol on a little over an acre. We converted the detached garage into a 2 bedroom rental to "house-hack" and minimize our living expenses in this expensive part of the Bay Area. Then we decided to relocate to Idaho and sold the property for a profit.

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

Bought of market through networking with other agents about upcoming listings.

How did you finance this deal?

jumbo loan

How did you add value to the deal?

Converting a detached second garage.

What was the outcome?

Profit :)