THE Little CRAFT-MAN that survive REDLANDS

[Michael Nugent]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $210,000
Cash invested: $269,000
Sale price: $305,000

CRAFT-MAN in the heart of the city. 2-car garage detached, RV access, single story. BRAND NEW HVAC, water heater, recess lighting. PLUS, All new gray wood laminate flooring, bathrooms with Italian carrera-like tile, real wood double-sink vanities with marble and granite tops, White-Quartz counter tops & 6" back-splash in kitchen with White shaker self-closing cabinets, nickel brushed hardware and stainless steel appliances. Ceiling fan in every room, all new doors, most windows are new

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

THE PRICE

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

WHOLESALER

How did you finance this deal?

CASH

How did you add value to the deal?

PRESERVED THE TRUE ERA CHARACTER AND CONVERTED A LAUNDRY INTO A FULL OPERATING BATHROOM

What was the outcome?

SUCCESS. IT SOLD IN JUST A FEW DAYS FOR OVER ASKING.

Lessons learned? Challenges?

ALWAYS ALWAYS ALWAYS GET A SECURITY SYSTEM ON A VACANT HOME

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

NOPE