3 Bedroom Condo in Costa Mesa, CA

[James Purvis]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $300,000
Cash invested: $60,000

Gorgeous updated and fully remodeled condo in the heart of Costa Mesa. This 3 Bedroom / 2.5 bath home comes with a series of upgrades including: distressed wood flooring, custom lighting, granite countertops throughout the house, custom paint, new dual pane windows and sliding door, custom tile work, built-in audio system in master bedroom and living room, stainless steel appliances, built-in wine fridge, washer / dryer, and so much more!

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

Great location, always will rent

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

My realtor

How did you finance this deal?

20% down, 30 year fixed

How did you add value to the deal?

Fully remodeled

What was the outcome?

Has never been vacant!

Lessons learned? Challenges?

Finding a good contractor is super challenging.