Northridge full renovation

[Lance A White]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $71,400
Cash invested: $75,058
Sale price: $225,000

WOWZA!Remarkably remodeled & totally move-in ready!Nestled on a huge lot w/ deep driveway,this showstopper will dazzle you w/ delight from the moment you step inside!Savor the upgrades galore from the modern finishes throughout to the incredibly spacious floor plan!Impressive amenities include an open main floor w/ updated kitchen,granite counters,tile backslash & big island;cozy living room w/ bright windows & amazing fireplace; master suite w/ oversized closet & spa-like bath w/ walk-in tile shower, dual sinks, soaker tub & main floor laundry;plus main floor bonus area too!Enjoy the finished lower level w/ expansive rec room,4th bed,3/4 bath w/ walk-in tile shower & oodles of storage!Superior updates also include New Windows (2018),New HVAC (2018),New Roof (2018),Fresh Paint & Carpet,Gorgeous Hardwood & Tile Flooring plus a Massive 28ft wide by 32ft deep garage too! Many more updates to see for yourself, so hurry here & call this house your new home!

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

We love renovating 50's and 60's homes. There is always great potential.

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

We bought it at an on line auction.

How did you finance this deal?

Private money lender.

How did you add value to the deal?

Completely remodeled the entire house.

What was the outcome?

One of our best rehabs this quarter.

Lessons learned? Challenges?

Lots of inspections on this one, and new contractor went over budget and time on this one, but we didn't follow our system like we should have.