Lynn Hang Rehab Deal

 

Lynn Hang Rehab Deal

Core Real Estate Solutions in Los Angeles, CA

We found this property and notice that it have good bone but was in need of a face lift. Originally we were thinking about renovating the property and utilizing it as an income property, but due to the many restriction, we decided to just flip the property. We were able to use a private money lender to fund this project.

Rehab Details

Property City: Florissant
Property State: MO

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Case Study

How did you find and structure the financing of this deal?

We used a private money lender to finance 100% of this deal for a 10%.


Provide a summary of the repairs and improvements you made to the property.

Overall the property had good bones; however was in need of a face lift. We completely gutted the Kitchen and the restroom and replace it with all new tiles, cabinets, flooring, some electrical, etc. We had more electrical outlet throughout, replace all lighting fixture and repaired some plumbing in the kitchen. We gave the entire place a fresh coat of new paint.


How did you find a buyer for the property if you sold it?

We found the property throughout the MLS. The property is currently listed and awaiting a buyer.


What are some of the major lessons learned that you would like to share with other students that they can learn from?

Stay away from condos because of their many restrictions made it difficult to renovate, which delay our timeline a little.


Shout Outs & Testimonials

Having a scoop of work and contract in place help us keep on time and it held the contractor liable for there part.




Before & After Photos