All Forum Posts by: Michael Nugent

I think the price reduction approach would be best if you are not looking to keep it for another two or three months. There is always a buyer for every home...remember that! Patience plays a big part here. Perhaps you should review how the pictures look (did you get professional photographer, drone, video, matter port), have you staged the property? Also, how much are you offering for a commission to a buyer's agent? Those are variables, which if executed well; will help you get the house sold. In our personal experience properties have taken us anywhere between 3 to 4 weeks to sell at a premium price on this current market. We buy, renovate, list and flip properties and Los Angeles areas as well as the Inland Empire: San Bernardino and Riverside counties and we have noticed the inventory priced at top of the market takes a longer to sell 3-5 weeks longer. You will sell it. Send me the address if you want me to give you an honest opinion about the listing aesthetics, description and pricing point. Good luck!!

Hello!!! 2623 11th St, Riverside Ca 92507. Here is a CASH ONLY DEAL. This single family residence will not qualify for standard financing due to current conditions. This is a two bedroom, one bathroom with bonus room and basement space for storage, you will also find a living room and dinning room. Property has a very large lot (8,200 square feet) with fruit trees. This is a total rehabilitation project for the experienced one or a handy person who knows their way around renovations. Lots of potential here as you have plenty of room to potentially add an ADU and a garage or carports. Property will be delivered vacant. Tenants vacating on 12/04/2023.

Don's response hits it on the head! Thanks Don! What I have found resourceful, for myself, to generate new business, in the house flipping arena, is watering those flowers and by those flowers; I mean people I know and like. I always make it a point to remind my sphere of what I do and how I do it (through SM & direct mail), so that they can be aware & alert about it. And, I can hopefully get them motivated to get-involved and do a flip or two with me as a mentor and/or even JV partner to eventually get them started on their race to financial freedom. I find it; it is a lot more fun this way as these are people who you know, like and would love to see improve their live's style and freedoms. People connection is the best path to good business.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $300,000
Cash invested: $62,000
Sale price: $420,000

Beautiful home in the heart of Rialto. 3 bedrooms 2 bathrooms 2-car garage attached nearly 1500 square feet of living space plus a huge lot. Home has been tastefully renovated.

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

Hot market

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

Listing agent

How did you finance this deal?

Cash

How did you add value to the deal?

Cosmetic rehab and removed a wall which separated the kitchen from the living area.

What was the outcome?

Good & quick profit

Lessons learned? Challenges?

Easy

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

Yes

@Matt M. Potentially the most important advise.

HAPPY SATURDAY!!

I'M LOOKING FOR A RECOMMENDATIONS: I'M BUYING AN INDUSTRIAL BUILDING IN RIVERSIDE 92504 CALIFORNIA AND I AM LOOKING FOR AN INDUSTRIAL INSPECTOR TO CHECK THE STRUCTURE AND SOIL IF YOU KNOW ANYONE PLEASE CONTACT ME. THANK YOU HAVE A GOOD WEEKEND

Investment Info:

Single-family residence fix & flip investment in Riverside.

Purchase price: $292,000
Cash invested: $355,000
Sale price: $415,000

Cool SFR at 1450 sqft of living area 6900 sqft lot, 2-car garage attached, 3 bedrooms/2 baths built in the 1960's.

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

Neighborhood

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Total rehab

What was the outcome?

A 14% ROI

Lessons learned? Challenges?

Never rely on your next door neighbors to share the cost of replacing the fence unless they give you the cash at front.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $278,000
Cash invested: $370,715
Sale price: $450,000

"Archer Ranch" in ~Horse-Town~ Jurupa Valley, California. It is well centralized near everything and off of Limonite Ave between main freeways 15 and 60. You will love this HORSE-ZONED lot at almost 30,000 (30-THOUSAND) square feet. Property has 3 bedroom (including a master suite) 2 bathrooms, inside laundry unit, plenty of living space and all on a single story dwelling. ~RV~ access and parking available, one-car garage attached and direct access to the house plus a covered 3 space carport.

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

The lot size and horse zoning

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

Wholeseller

How did you finance this deal?

Cash

How did you add value to the deal?

Total Rehab, plus new landscape, roof, plumbing and electrical

What was the outcome?

Multiple offers, sold for $30,000 over listed price and a 18% ROI

Lessons learned? Challenges?

Sometimes it is best to rent a temporary shaded 6' fence to keep thieves out and add privacy to your rehab. Never use Sunbelt in Riverside for your heavy equipment rental...they are weak and will not refund you for wasted time caused by their equipment breaking down all the time...all the freaking time.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $278,000
Cash invested: $370,715
Sale price: $450,000

"Archer Ranch" in ~Horse-Town~ Jurupa Valley, California. It is well centralized near everything and off of Limonite Ave between main freeways 15 and 60. You will love this HORSE-ZONED lot at almost 30,000 (30-THOUSAND) square feet. Property has 3 bedroom (including a master suite) 2 bathrooms, inside laundry unit, plenty of living space and all on a single story dwelling. ~RV~ access and parking available, one-car garage attached and direct access to the house plus a covered 3 space carport. This home has been cosmetically rehabilitated and it is ready for its new family. UPGRADES AND FEATURES: Renovated kitchen with self-closing drawers, stainless steel appliances, granite counter tops, decorative back splash and barn sink. This kitchen offers a kitchen bar and it opens to the spacious family room. Enjoy recess lighting throughout. All flooring is covered with laminate and wood-like tile planks in the newly updated bathrooms with BRAND new vanities, mirrors, toilets, exhaust systems, showers & tub. There is a working HVAC system, a really good roof, BRAND new windows & doors, all NEW paint in and out, NEW garage door, all bedrooms have new closet doors and the list goes on.

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

The lot size and horse zoning

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

Wholeseller

How did you finance this deal?

Cash

How did you add value to the deal?

Total Rehab, plus new landscape, roof, plumbing and electrical

What was the outcome?

Multiple offers, sold for $30,000 over listed price and a 18% ROI

Lessons learned? Challenges?

Sometimes it is best to rent a temporary shaded 6' fence to keep thieves out and add privacy to your rehab. Never use Sunbelt in Riverside for your heavy equipment rental...they are weak and will not refund you for wasted time caused by their equipment breaking down all the time...all the freaking time.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $420,000
Cash invested: $370,715
Sale price: $450,000

"Archer Ranch" in ~Horse-Town~ Jurupa Valley, California. It is well centralized near everything and off of Limonite Ave between main freeways 15 and 60. You will love this HORSE-ZONED lot at almost 30,000 (30-THOUSAND) square feet. Property has 3 bedroom (including a master suite) 2 bathrooms, inside laundry unit, plenty of living space and all on a single story dwelling. ~RV~ access and parking available, one-car garage attached and direct access to the house plus a covered 3 space carport. This home has been cosmetically rehabilitated and it is ready for its new family. UPGRADES AND FEATURES: Renovated kitchen with self-closing drawers, stainless steel appliances, granite counter tops, decorative back splash and barn sink. This kitchen offers a kitchen bar and it opens to the spacious family room. Enjoy recess lighting throughout. All flooring is covered with laminate and wood-like tile planks in the newly updated bathrooms with BRAND new vanities, mirrors, toilets, exhaust systems, showers & tub. There is a working HVAC system, a really good roof, BRAND new windows & doors, all NEW paint in and out, NEW garage door, all bedrooms have new closet doors and the list goes on.