West Covina - Townhome Fix n Flip!

[Austin Baiseri]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $228,200
Cash invested: $28,000
Sale price: $300,000

This project was an attached SFR and needed a complete interior rehab. We closed escrow for the purchase on August 6th, rehabbed and listed on September 12th at 308,000, under contract October 2nd at $300,000, and closed on Halloween. Overall, I am very pleased with this project, I worked with a solid team to do the rehab they did a stellar job and nearly stayed within the original bid!(over by 3k)

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

This deal was actually on the MLS. I made an offer covering the sellers closing costs and offered to have the listing agent relist for me(even though I am an agent!).

How did you finance this deal?

Conventional Loan