Current ReHab - Los Angeles Property

[Vin O.]

Investment Info:

Single-family residence fix & flip investment in Los Angeles.

Purchase price: $540,000
Cash invested: $650,000
Sale price: $825,000

Another On Point Homevestments™​ LLC. acquisition located in University Hills, Los Angeles, California. We are definitely looking forward to redeveloping this house into a beautiful home. COMING SOON 2019! This unique renovation will also reconfigure the entire floor plan and add the modern design that we pride ourselves in bringing to each project and our communities. This one won't last, call or email us today get pre-qualified before it hits the market!

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

Purchase price

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

Wholesaler - All cash offer, so was able to get it well below market value

How did you finance this deal?

All cash

How did you add value to the deal?

Currently remodeling the entire house. Went down to the studs

What was the outcome?

Currently being worked on.

Lessons learned? Challenges?

Waiting on the city for clearances is a pain in the butt!