RSM condo into Menifee home

[Jesus Sanchez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $630,000
Cash invested: $180,000

We sold our Condo in RSM to acquire this larger home. It has the potential for a JADU or a detached ADU. The plan is to hold it long term to build equity.

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

Great neighborhood

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

Zillow

How did you finance this deal?

Conventional Financing 1 Month bank statement program

How did you add value to the deal?

We remodeled the kitchen along with interior and exterior paint

Lessons learned? Challenges?

Get many quotes to compare contractors

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

Tiara Medely @Tiarayourlocalrealtor