The Orange Door in Riverside 92503

[Michael Nugent]

Investment Info:

Single-family residence fix & flip investment in Riverside.

Purchase price: $292,000
Cash invested: $355,000
Sale price: $415,000

Cool SFR at 1450 sqft of living area 6900 sqft lot, 2-car garage attached, 3 bedrooms/2 baths built in the 1960's.

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

Neighborhood

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Total rehab

What was the outcome?

A 14% ROI

Lessons learned? Challenges?

Never rely on your next door neighbors to share the cost of replacing the fence unless they give you the cash at front.