Profitable Flipping in this Down Market

[Marco Chaidez]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $850,000
Cash invested: $120,000
Sale price: $1,380,000

Fully rehabbed Buena Park Home located in the most desirable area of Buena Park. Located near Los Coyotes Country Club. An incredible master bathroom and spacious kitchen really emphasize the size of the home. Fully remodeled, with high end appliances included.

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

Very, very, very desirable area in Buena Park CA.

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

Off market deal, neighbor of a previous flip wanted to sell. We walked the house and determined the rehab cost. Renegotiated once the market started to turn.

How did you finance this deal?

HML, Private Money

How did you add value to the deal?

Total Rehab and repairs

What was the outcome?

profit of over 300k

Lessons learned? Challenges?

Lessons, speed and efficiency will save you in a down turn market