A Typical SFR Project in San Francisco

[Tomer Maymon]

Investment Info:

Single-family residence fix & flip investment in San Francisco.

Purchase price: $760,000
Cash invested: $ ###,### (a substantial amount)
Sale price: $1,640,000

This is a typical project of a Full Gut Re-Build SFR (current pace is modest: 4 per year).
https://www.redfin.com/CA/San-...

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

Good margin in an up n coming neighborhood

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

A wholeseller pitched the deal to my investment partner

How did you finance this deal?

Hard money lender: LendingHome

How did you add value to the deal?

Full gut rehab - new MEP, appliances, added livable area at ground level, New Deck, New Landscape, New Facades, Skylights.

What was the outcome?

Satisfying product and profit.

Lessons learned? Challenges?

Maintained past lessons: have only professional crews and subs on-site.

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

Yes:
Listing Agent: Mary MacPherson is a local top producer who is always getting top buyers to our properties - https://www.compass.com/agents/mary-macpherson/

Finance with LendingHome - Great lender, solid support in both a quick acquisition and throughout the sale / escrow.