Fix and Flip in a Senior Community

[Joe Homs]

Investment Info:

Condo fix & flip investment.

Purchase price: $240,000
Cash invested: $100,000
Sale price: $399,900

Contributors:
Ryan Mitchell

Beautifully remodeled two bedroom, two bathroom home. End unit with no stairs, no one above or below. Upon entering the home the numerous upgrades will immediately stand out including luxury vinyl flooring, new fireplace and new open floor plan. New shaker style cabinets with soft close doors and drawers, new stainless steel appliances, new quartz countertops, and pendant lights make this kitchen modern and functional. Centrally located atrium which has been remodeled with travertine style flooring and stacked stone. Hall bathroom features a new vanity, new fixtures, and a premium shower with frameless glass enclosure. Natural light enters the home through a new skylight and solar tubes in each bathroom. New windows and sliding glass doors. Master bedroom has a spacious closet and attached bathroom. Private laundry located inside with new stacked washer and dryer. The master bathroom has a premium shower and double sink vanity. Both bathrooms are equipped with motion detection lighting, exhaust fans, and dual-flush toilets. LED lighting, new electrical panel, new plumbing, new central heating and A/C for maximum safety, comfort, and efficiency. Tons of storage, carport located nearby. Near Clubhouse #3 and a short walk to Aliso Creek, trails and more. Laguna Woods Village is “The premier Southern California active lifestyle community for people 55 and up." This home has it all!

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

Great spreads

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

Agent

How did you finance this deal?

Cash

How did you add value to the deal?

Complete remodel

What was the outcome?

Great return

Lessons learned? Challenges?

Senior community... Need I say more?

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

Ryan Mitchell