Smaller and Newer is Easy

[Mel Salinas]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $71,500
Cash invested: $21,000
Sale price: $126,000

Mostly cosmetic; sales desc: Fantastic updated Sunrise Ranch home with custom touches and modish charm. Features fresh designer slate paint, new Pewter Oak hue flooring with premium square edge baseboard & trim throughout. New cooler and fixtures; American Cherry butcher block counters, rustic finished wood barn door entry for a second living space/ office/ creativity hub laid in brick flooring. Backyard is ready for landscaping. Comfy cul-de-sac location!

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

Newer style home

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

MLS

How did you finance this deal?

Cash and Heloc