4414 Blackthorne Ave

[Francisco J. Ortiz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $1,050,000
Cash invested: $200,000
Sale price: $1,485,000

Blackthorne marked the beginning of my investment journey and was the first time I saw real estate as a true vehicle for wealth creation. I approached this property as both a personal residence and a passion project — investing $200,000 into a full remodel, with high-end design thoughtfully curated for someone with a tastemaker's eye.

The experience not only ignited my obsession with real estate transactions but also gave me a firsthand understanding of how economic conditions can amplify inves

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

This purchase was pursued as a personal residence which then opened my eyes into the possibilities in Real Estate.

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

I found Blackthorne in the Public Listing Services, and wasn't involved in this negotiation directly as of yet.

How did you finance this deal?

I acquired a very unfavorable ARM to get me in the space.

How did you add value to the deal?

N/A

What was the outcome?

Was very profitable.

Lessons learned? Challenges?

The lesson was an eye opening experience that fueled an addiction to learning everything possible in Real Estate.

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

I worked with my good friend KC Dorame, then an agent at Douglas Elliman. We later partnered on several investments and co-founded Allure Capital Management in 2021. KC now runs Daimyo Capital Partners, a respected investment firm. I’ve since launched The FJO Group, a residential and commercial brokerage, and EMET Holdings, a real estate syndication and investment firm.