United States Real Estate Investor

United States Real Estate Investor

United States Real Estate Investor logo is a registered trademark of Universe Media Publishing, LLC
Search
Close this search box.
United States Real Estate Investor

United States Real Estate Investor

Search
Close this search box.
United States Real Estate Investor

United States Real Estate Investor

Search
Close this search box.

Deal Of The Week with Ben Williams, Van Nuys, California

United States Real Estate Investor - Real estate investing media - Deal Of The Week with Ben Williams, Van Nuys, CA
This week we’ll break down how I evaluate a fix and flip opportunity in Van Nuys, CA. Discover the ins and outs of evaluating a fix and flip opportunity in Van Nuys, California. Learn key strategies for budgeting, renovations, and maximizing your investment.
United States Real Estate Investor Lending business partnership handshake - Get funds for your next deal or become a Lending Partner
Save this affiliate sign-up link so you can re-visit us here, when you're ready to activate the full potential of FlippBidd. Please click on the "GET PRO-LICENSE HERE" button on the main page, to get your preferred client credit of 20% Off!
Table of Contents

Deal of the Week: Fix and Flip in Van Nuys, California

Welcome back, real estate enthusiasts! This week, we dive into an exciting fix-and-flip opportunity in Van Nuys, California, guided by Ben Williams.

Let’s break down the key aspects of evaluating this promising deal.

Property Overview

  • Location: 14926 Gilmore Street, Van Nuys, CA
  • Specs: 4 bed, 3 bath, 2025 sq. ft.
  • Listing Price: $875,000

Ben highlights the importance of a thorough analysis, emphasizing adherence to his strict budget. He examines the property inside and out, noting the potential for new flooring, kitchen updates, and bathroom renovations. Key upgrades could push the property’s value significantly, but only if costs are kept in check.

Evaluating the Deal

  1. Neighborhood Insights: Ben uses Google Maps to assess the surrounding area, confirming it’s a typical Van Nuys neighborhood with no major red flags.
  2. Comparable Sales: Recent sales in the vicinity provide a solid basis for estimating the After Repair Value (ARV), pegged at $965,000.
  3. Rehab Costs: Estimated at around $100,000, covering flooring, kitchen, and bathroom upgrades. The focus is on maximizing appeal without overspending.

Financial Strategy

  • Offer Price: Calculated using the 70% rule, leading to an offer of $575,500.
  • Profit Potential: If sold at the estimated ARV, Ben anticipates a net profit of around $187,000, even after all costs are considered.

Conclusion

Ben sticks to his numbers and advises against emotional decisions in real estate investing. The maximum offer should reflect a comfortable profit margin, ensuring financial viability.

What would you offer for this property? Share your thoughts below!

Contact Bennie Williams

LinkedIn
Facebook
Instagram

Thank you for visiting United States Real Estate Investor.

Information Disclaimer

The information, opinions, and insights presented on United States Real Estate Investor are intended to educate and inform our readers about the dynamic world of real estate investing in the United States.

While we strive to provide accurate, up-to-date, and reliable information, we encourage readers to consult with professional real estate advisors, financial experts, or legal counsel before making any investment decisions.

Our team of expert writers, researchers, and contributors work diligently to gather information from credible sources. However, the real estate market is subject to fluctuations, changes, and unforeseen events.

United States Real Estate Investor cannot guarantee the completeness or accuracy of the information presented, nor can we be held responsible for any actions taken based on the content found on our website.

We may include links to third-party websites, products, or services.

These links are provided for convenience and do not constitute an endorsement or approval by United States Real Estate Investor.

We are not responsible for the content, privacy policies, or practices of any third-party sites.

Opinions expressed by contributors are their own and do not necessarily reflect the views or policies of United States Real Estate Investor.

We welcome diverse perspectives and encourage healthy debate and discussion.

By accessing and using the content on United States Real Estate Investor, you agree to this disclaimer and acknowledge that the information provided is for informational and educational purposes only.

If you have any questions, concerns, or feedback, please feel free to visit our contact page.

United States Real Estate Investor.

Tags

Don't miss out on the value

Join our thousands of subscribers

Subscribe to our newsletter to learn how to attract clients, close deals faster, and a lot more!

United States Real Estate Investor logo
Powur Solar
Save this affiliate sign-up link so you can re-visit us here, when you're ready to activate the full potential of FlippBidd. Please click on the "GET PRO-LICENSE HERE" button on the main page, to get your preferred client credit of 20% Off!

This is the easiest way to know the industry.
The Ultimate Real Estate Investing Glossary

More content

notice!

Web & Social yearly Package

Please, have ad set files ready before purchase.

Please, be aware that after your purchase on the Stripe payment portal, keep your browser open; You will be automatically redirected to the ad set submission page.

notice!

Web & Social Monthly Package

Please, have ad set files ready before purchase.

Please, be aware that after your purchase on the Stripe payment portal, keep your browser open; You will be automatically redirected to the ad set submission page.

Skip to content