Fix & Flip Single Family Residence in Corona CA Area

[Jess Butikofer]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $314,000
Cash invested: $314,000
Sale price: $338,000

Fix and Flip I did with some partners in a Home Residence in the Corona CA area. We turned a profit, however, the market had cooled down significantly from the prior year as the market crash of was well into recovery. Lesson Learned- Don't count on the market to continue to go up (or down) when estimating profits. Calculate on current market data, anything on that can be the "cherry on top".