The Location of the Property is Key

[Kurt Smith]

Investment Info:

Townhouse fix & flip investment in Encino.

Purchase price: $160,000
Cash invested: $45,000
Sale price: $295,000

This investment property was a great deal due to the area it was located in. I update the interior with a timeless look and the location of the property made it even more desirable to potential buyers.

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

The location and number made sense to do this flip.

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

I found this property through a family friend.

How did you finance this deal?

Private financing

How did you add value to the deal?

I was able to update the interior of the townhome to add value to the property.

What was the outcome?

I sold this property for a good profit.

Lessons learned? Challenges?

A lesson learned was to use a realtor that is familiar with the area.