Fix n flip in Antelope CA

[Gordon Cuffe]

Investment Info:

Single-family residence fix & flip investment in Cheshire.

Purchase price: $230,000
Cash invested: $50,000

This home was boarded up by Sacramento county for code violations. It kept getting broken in by homeless people and they kept bringing all there junk onto the property. I put in new HVAC, new water heater, doors, flooring ,kitchen and bathroom. The market has changed a lot so it has not sold yet and I have had to lower the price. It will sell eventually even if I have to lower the price some more. I subbed out all the work myself.

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

I wanted to make some money

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

another wholesaler sent it to me.

How did you finance this deal?

hard money lender

How did you add value to the deal?

replaced just about everything.

What was the outcome?

It is listed on MLS now

Lessons learned? Challenges?

Hire one other guy to work so the project gets done sooner. Get the electrician into the house sooner so the project gets
done sooner.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I listed the house myself so if anybody needs to list a house in the Sacramento county area they can reach out as I really know my comps.