First Flip - Sacramento, CA 95864

[Tim Kunz]

Summary:

SFR off market rehab

Purchase: $200,000

Rehab: $75,000

Holding: $25,000

Sale: $330,000

First rehab project purchased May 2020, sold Oct 2020. The home is a 2/1 on 950sf in the Arden Manor neighborhood of Sacramento. Built in the 1950s home with minimal improvements done over the years and plenty of deferred maintenance.

How we financed it:

We financed through a HML at 9.95% and a bridge loan from a family friend at 10%.

How we found it:

The property was found off market through my partners connections as a local real estate agent.

Improvements Made:

Full gut. Remove existing carport and rear patio overhang, replace damaged framing due to termites, open up kitchen with recessed beam, new roof, all new plumbing, electrical, and HVAC, new windows, new flooring, new cabinets/countertops, new tile, paint, new sod at front yard.

[Account Closed]

Nice job on your first flip! Love the transformation!