Downtown Vista Live-in Flip

[Sarah Blesse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $305,000
Cash invested: $47,000
Sale price: $434,000

This home was almost lost to a cash buyer, actually it's a miracle the property even qualified for conventional financing due to the condition! I did a live in flip. My husband slowly rehabbed it over 2 years and with forced appreciation and the booming market, we were able to walk away with an $82k gross profit on our first fix & flip project!

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

After a 6 month search, this was the cheapest SFR on the market in San Diego County. My husband and I submitted a letter detailing how we would love to make it our first home together and we won because of the letter!

How did you finance this deal?

Conventional loan - surprisingly!

How did you add value to the deal?

We completely rehabbed the property, top to bottom.

What was the outcome?

$82k in our pockets

[Sarah Blesse]

@Marlen Weber

Yes! I will be posting those this week.