Fix & Flip - Vallejo, CA

[Zena Elkady]

Investment Info:

Single-family residence fix & flip investment in Vallejo.

Purchase price: $300,000
Cash invested: $300,000
Sale price: $465,000

Off market property found through a wholesaler. Fast closing and one month rent back. House needed cosmetic repairs and some updates as it was built in 1961. Original ARV is $425,000, however, the market was hot which allowed me to list it for $450,000. Offer accepted at $465,000