Beach Bungalow Facelift and Flip

[Elaine Lai]

Investment Info:

Single-family residence fix & flip investment in Long Beach.

Purchase price: $180,000
Cash invested: $1,000
Sale price: $210,000

Didn't loose money during the recession of 2008. Bought a beach bungalow foreclosure, rented it for a while until I lost my full time job. Spent about $1000 facelifting w/ fresh paint and a new fence. Did the labor myself to save cost. Still made a slight profit in the end.