Hi Everyone,
This will be the first deal that my husband and I are working on together as a team, as the other 3 I have done I did by myself. My husband and I have been taking classes and going on tours to become further educated about the Fix & Flip business and how it works in more detail. We are now connected with an elite group of area investors to help lend their expertise.
Property Info:
3 bedrooms, 2 1/2 bathrooms. 2086 sq. ft. Built 1956.
Financial Breakdown
Purchase Costs
| Purchase Price: | ($315,352.03) |
| Purchase Closing Costs: | ($9,352.00) |
| Total | ($324,704.03) |
Rehab Costs
| Total Rehab Costs: | ($45,000.00) |
| Total | ($45,000.00) |
Holding Costs
| Monthly Holding Costs: | ($2,391.00) |
| Total Days Held: | 50 |
| Total | ($3,985.00) |
Sales Costs
| Sales Price After Fix Up (ARV): | $425,999.00 |
| All Selling Closing Costs: | ($1,660.00) |
| Real Estate Agent Fees: | ($10,649.98) |
| Total | $413,689.03 |
| Total Profit for Flip | $40,000.00 |
This property is in a great neighborhood in the desirable Fair Oaks area. Although it doesn't need a complete overall, we have plans for the landscaping and curb appeal as well as updating the bedroom in 2nd level to Master bedroom by adding closet and converting the 1/2 bath to full bath.
Some of the other changes we have planned are:
- Roof
- Paint/ Flooring/ Lights
- Open Kitchen Walls and bath remodels
We're looking to find the right financial investor to take our Family's dream of doing this as a team, as well as my extensive connections through working in Real Estate & Title & Escrow for 10 years, and making it a profitable reality for everyone involved.
We appreciate your time and consideration!
**Additional Details available by request!
