Reo investing Hood Deal

[Kent Williams]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $175,000
Cash invested: $105,000
Sale price: $650,000

3-Units
1- 2 Bedroom 1 Bath
2# 1 Bedroom 1 bath
3# Studio

Paid $175.000
Rehab Cost $105.000
Sold $650.000

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

Fast selling Area on California

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

It was a property I was serving for A bank when I found it, Asset manager told me the numbers I need to be at to get it

How did you finance this deal?

Private

How did you add value to the deal?

Total Rehab

What was the outcome?

$$$$$ Sold in 22 Days

Lessons learned? Challenges?

Learn all you can before you invest into a property where you have to deal with the Abatement dept

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

Keller williams