Compare Listings

5 Steps To Flipping Property In San Francisco

1. Find the most unwanted wreck of a home (crack house) in a great neighborhood (Cole Valley) and buy it:

downeyfrontbefore

2. Document any 1964 Datsuns with a blown motor trapped in the garage for 40+ years:

downeydatsun1

3. Rip up disgusting kitchens and baths:

downeykitchen1

downeybath1

4. Go to Haight Street, buy a magic wand, tap it three times, and poof! Datsun gone and property remodeled!

downeykitchenafter1

downeylrafter1

downeygarageafter1
[Notice the marketing remarks? “Two enormous storage areas which can easily accommodate surf boards…” So hip! Don’t forget spell check. 😉 ]

5. Slap a new price tag on it…orginally $1,200,000, and now only $1,158,000, throw it on the market as a single family home, or maybe a two unit building, or even two separate TICs, give it a personalized property website, cross your fingers, and hope you can soon see some return on your investment (of time, money, sweat, and sleepless nights.)

It’s that simple…

43-43 1/2 Downey, $1,158,000, Cole Valley [Single Family Home, Two Unit Building, Tenancies In Common]


img

alexclark

Related posts

Staggering Hill-side Views – and That’s Just the Beginning

An off-market stunner with jaw-dropping city views one direction and peaceful tree views the other...

Continue reading
by theFrontSteps Community

The House Where Craigslist Was Born Finally Found A Buyer

What do you do in San Francisco when it takes you more than two weeks to get a property sold? A...

Continue reading
by alexclark

Cole Valley Condo Back On Market | New Price | New Look

We took a break, but now we're back, and ready to go. This amazing turn of the century home is now...

Continue reading
by alexclark

6 thoughts on “5 Steps To Flipping Property In San Francisco”

  • Serena

    November 3, 2009 at 11:39 am

    I don’t see a previous purchase price on Zillow. When was it purchase and at what cost? thanks.

    Reply
  • Financial Samurai

    November 3, 2009 at 7:35 pm

    All the sweat equity is worth it! Beautifully well done.

    Reply
  • Buzz Greeley

    November 5, 2009 at 9:07 pm

    What difference does the buy price matter? The asking price is well worth it.I saw it on Sunday and the outside is as fabulous as the inside!!

    Reply
  • Craig

    November 5, 2009 at 10:17 pm

    600K for a 1/1 TIC? Maybe I am missing something. I don’t like Cole Valley, so maybe that’s the problem, but these both seem overpriced to me. Try 500K.

    Reply
  • blababa

    November 6, 2009 at 1:28 am

    Small, small, small space, electric range, electric dryer hookup. Big, big, big, refrigerators, for hungry, hungry people living in 1BR. DWR slapped together, dreary colors inside.

    Reply
  • Buzz Greeley

    November 7, 2009 at 4:45 pm

    Hi Bla,

    Checked your info. Gas hookup for stove is there if that is what you want. I liked the colors inside. No red, tan, and yellow for me.
    Has huge, huge, huge garage and full floor of storage. Why so harsh?

    Reply

Join The Discussion

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow us, it’s worth it

Get the latest posts delivered to your mailbox: