1980's SFR Fix and Flip

[Chérie Przybyl]

Investment Info:

Single-family residence fix & flip investment in Glendale.

Purchase price: $185,000
Cash invested: $26,500
Sale price: $239,000

1980's SFR Fix and Flip

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

I wanted to experience purchasing from the auction.

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

Hi hired a local auction bidder.

How did you finance this deal?

I used Private Money, Hard Money, and some of my own money.

How did you add value to the deal?

My partner and I worked at the property to continue our learning process and save some money on handyman work.

What was the outcome?

We fixed up the home in 4 weeks and closed December 31, 2018. Great way to end the year!

Lessons learned? Challenges?

Do not list a property the day before elections. Do not list a property between the 5th and 25th of November.

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

I am a real estate agent and I listed the home.