DESIGN POINT
Master bedroom after
RENOVATION ROCKSTAR
Staircase after
Staircase before
Living room after
hen it comes to Lin He’s philosophy behind real estate investing, he’ll shoot you straight. “Once in a while we get lucky, but generally speaking we make money by solving other people’s problems. We are willing and able to do the things that other people are not willing or able to do,” Lin said. “Willing and able” is an understatement when it comes to Lin’s vast experience in real estate investing. Since starting in 2008, he has flipped hundreds of homes in the Southern California area, acting as the agent, general contractor and design lead for all his projects. “[Flipping properties] can be really, really challenging for newbies,” Lin said. “Even for more experienced investors, it can still be challenging if they don't have the design and construc- tion know-how. It takes years to build upon.” Thankfully, he’d already been in the game for almost a decade when a friend approached him about a non-performing note opportunity on a Malibu home with an ocean-view. The project Malibu Mansion A YEAR-LONG DEAL DOUBLES THE ARV OF THIS OCEAN-SIDE HOME. Featured investor: Lin He W
Outside entrance after
Living room before
PROJECT NOTES:
Size: 3,600 sq ft Location: Malibu, CA Purchase Price: $ 985,000 Rehab Budget: $ 300,000
View from house
Sale Price: $ 1,970,000
Carrying Costs & Commission: $ 285,000 Profit: $ 400,000
12 | think realty magazine :: january / february 2019
thinkrealty . com | 13
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