Sacramento 4 Bedroom Condo

[David Prentiss]

Investment Info:

Single-family residence fix & flip investment in Sacramento.

Purchase price: $140,000
Cash invested: $18,000
Sale price: $171,500

Opportunity with a 4 bedroom condo. Infested with Roaches and cigarette smoke residue. Work Completed:
New Kitchen and appliances
New Flooring throughout 1200 square foot home
New Paint
2 new bathrooms

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

It was unusual to see such a large condominium. We thought that would be a good selling point once it was updated.

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

It was on the MLS

How did you finance this deal?

Cash

How did you add value to the deal?

We leveraged our contractor to save on construction costs where we could.

What was the outcome?

Sold!

Lessons learned? Challenges?

Dont spend too much on fluff (fancy fixtures). Ensure your unit matches the neighborhood.

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

Faira handled the real estate transaction. They dont charge a lot and provide excellent service