Laguna Hills Fix and Flip

[Joe Homs]

Investment Info:

Single-family residence fix & flip investment in Laguna Hills.

Purchase price: $400,000
Cash invested: $400,000
Sale price: $500,000

enovated END UNIT 3 bedroom 2 bath 2 car attached garage. The spacious, bright floor plan offers new white cabinetry in the beautifully remodeled kitchen featuring stylish countertops and breakfast bar with pendant lights, new stainless steel sink, faucet, and stainless steel kitchen appliances. New distressed flooring throughout, freshly painted interior with contemporary paint colors, new baseboards, ceiling fans, recessed lighting, remodeled master bathroom and additional full guest bathroom.

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

This is what I do for a living. A quick $35K profit.

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

On the MLS and sold the first day after looking at it.

How did you finance this deal?

Cash

How did you add value to the deal?

Complete rehab of $40K

What was the outcome?

Sold in 36 days. Total turn time was 4 months.

Lessons learned? Challenges?

None, just another cookie cutter project.

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

My son Andy Homs who saw the property, did the numbers and managed the rehab for me.