SoCal Fix/Flip $330k with area comps $550k+

[Brian L Blakeley]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $330,000

I have a purchase contract in place for a 2004 built SF house in Menifee CA. The area comps are 550K and up to mid 600's. With a purchase price of 330k this leaves plenty of room for profit after rehab. Please contact me directly if you are interested in being an investor in this project. 951-231-5265 (call or text)
I will provide photos and details after our initial discussion. Thanks

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

The LTV is very generous

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

Work with local agent

How did you finance this deal?

The detail is not yet financed. I have an offer in place and getting inspection, etc in place now.

How did you add value to the deal?

I am local to the property so even out of state investors can be confident that the project be managed and completed in a timely manner.

What was the outcome?

No outcome yet

Lessons learned? Challenges?

TBD

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

Only working with a local agent thus far