Ernest Way Sacramento California fix and flip project.

[Dave Flaherty]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $200,000
Cash invested: $75,000
Sale price: $430,000

Pocket listing. Friend of mine wanted to unload it for his parents. Worked out very well.

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

Opportunity presented itself. I had always wanted to do a flip.

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

Pocket offering.

How did you finance this deal?

Cash

How did you add value to the deal?

Complete home improvement project.

What was the outcome?

Positive outcome. Nice profit.

Lessons learned? Challenges?

Learned so much on this project from start to finish.

[Dave Flaherty]

Project took about 2 months. I’m absolutely interested in doing more flips in Sacramento and el dorado county.