Fix and Flip Sacramento CA

[Neil Rose]

Investment Info:

Single-family residence fix & flip investment in Sacramento .

Purchase price: $275,000
Cash invested: $100,000
Sale price: $525,000

We did a flip in Sacramento CA. House was bought wholesale. We replaced the roof, ac and painted the house. We also remodeled the kitchen, bathrooms and flooring.

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

We found the deal through marketing and it didn’t have any major problems besides normal rehab needed.

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

Marketing and negotiated with the seller. We actually made the seller a deal that we would give him 10% of the profit on the back end.

How did you finance this deal?

Private lender who did a JV with us

How did you add value to the deal?

Remodeling

What was the outcome?

We ended up making a nice profit on this one and the seller was happy with his cut at the end

Lessons learned? Challenges?

Negotiating with a seller and thinking outside the box can help place an offer at the top of the list.