Small home, big changes!

[Brian Mollo]

Investment Info:

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

Purchase price: $375,000
Cash invested: $60,000
Sale price: $585,000

Single family fix and flip in San Diego, CA. 114 days hold time.

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

Off-market, through an Agent.

How did you finance this deal?

We used 100% hard money with deferred interest payments. All rehab material was put on Home Depot credit card with no interest for 90 days. Cash invested includes closing costs, holding costs, GC costs and some make ready costs.

How did you add value to the deal?

Complete remodel.

What was the outcome?

Fast rehab, good product, multiple offers over ask, great return.