Altadena Modern Home

[Martin Ruiz]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $920,000
Cash invested: $120,000
Sale price: $1,100,000

Single Story home with views. This one was by far the finest flip we have done it was a modern look that was at the very top of Lake. The views were breathtaking we put a lot of love into this one. Fully remodeled it inside and out and turned it into a gem was hard to sell it and see it go. I almost kept it but in the end, the right buyer made an offer and it sold

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

It was a Gem and was a great home located in a really nice area the location was key

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

through Probate

How did you finance this deal?

we took a hard money loan on this one

How did you add value to the deal?

we completely redid this whole property inside and out we overdid our selves but it turned out beautiful

What was the outcome?

we make a good profit and turned it to a special project that we valued very much

Lessons learned? Challenges?

don't every over renovate a deal do your homework