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

Impressive amenities include an open main floor w/ updated kitchen,granite counters,tile backslash & big island; amazing fireplace; master suite w/ oversized closet & spa-like bath w/ walk-in tile shower, dual sinks, soaker tub & main floor laundry; finished lower level w/ expansive rec room,4th bed,3/4 bath w/ walk-in tile shower Superior updates also include New Windows,New HVAC ,New Roof,Fresh Paint & Carpet,Gorgeous Hardwood & Tile Flooring plus a Massive 28ft wide by 32ft deep garage too!

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.