Updated over 5 years ago on . Most recent reply
Imperial Valley Fix & Flip
Investment Info:
Single-family residence fix & flip investment in Brawley.
Purchase price: $110,000
Acquired via short sale. Raised 100% private money. Repairs 27k. ARV 225k.
What made you interested in investing in this type of deal?
My niche is in short sales.
How did you find this deal and how did you negotiate it?
Crazy but off the MLS. Realtor didn't know short sales and area to well. Offered my expertise. Agent double ended deal.
How did you finance this deal?
Private money 100%
How did you add value to the deal?
I helped the listing agent with my vast experience in short sales.
What was the outcome?
Will be listed in about 1 week or less. 70k ish profit
Lessons learned? Challenges?
New area I ventured into. Considered rural so make sure you have private money cuz hard money is harder to get in rural farm areas.