Investor Fix and Flip

[Joe Homs]

Investment Info:

Single-family residence fix & flip investment in Irvine.

Purchase price: $557,888
Cash invested: $45,000
Sale price: $672,000

Contributors:
Amaya Palmeri

STUNNING HOME! Remodeled with quality finishes. 2 bedroom 3 bath in highly sought after area of University Town Center. All new grey cabinetry in kitchen and bathrooms, lovely marble look quartz countertops, beautiful back-splash, new stainless steel sink, new dishwasher, range and microwave. The updated kitchen is open and bright with a dining space and laundry area off the kitchen.

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

Absentee owners with property issues.

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

MLS

How did you finance this deal?

Cash from investor

How did you add value to the deal?

MLS comps

What was the outcome?

Large Profit

Lessons learned? Challenges?

HOA issues, but dealt with them and nosey neighbor.

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

@Ryan Mitchell