Recently funded in San Diego
We helped this client finance this fix and flip in San Diego. We lent $585,000 on a purchase price of $680,000. The seller had this property on the market in about 2 months, but it took an additional 3 months for the property to sell. We are in a market where inventory is moving a little slower, and bidding wars are a little less common. Pricing properties correctly is a key factor to your investment success.
***Design and Savings Tip*** Many investors skip finishing the backyard, and instead they leave a blank slate for the next buyer. Also, they do not put glass enclosures in showers and leave that up to the buyer, as well. As the market tightens, investors need to make difficult decisions and make the right repairs and pay extra attention to costs.
Check out article about finding the right home to buy – https://www.lantzmanlending.com/finding-the-sweet-spot-for-a-house-flip/
