In Roseville, California, an investor turned a dated home and detached garage into a dual-income property, and later a profitable flip, with a flexible financing solution from Equidy.
The Challenge
The investor saw an opportunity in a single-family home with potential for dual rental income. The plan was ambitious: purchase, renovate, and hold the property as a rental, while converting a two-car detached garage into a one-bedroom, one-bath ADU to maximise cash flow and long-term equity.
Traditional lenders often struggle to support these kinds of creative, phased projects. The investor needed a partner who understood the California flipping landscape, and could provide funding that would adapt as the project evolved from fix-and-hold to refinance and eventual sale.
The Result
Equidy provided two tailored loans that gave the investor freedom to execute the plan with confidence.
The first loan of $280,000 covered the property purchase and initial renovation under a purchase-to-fix-and-hold strategy. The main home received new flooring, a completely redone kitchen, and updated bathrooms, and work began on transforming the detached garage into an ADU.
As the project progressed, Equidy stepped in again with an extra $80,000 just under a year later to complete the build and maximize value. Once finished, the Roseville property generated strong returns, collecting $2,200 per month from the main home and $1,800 per month from the new ADU.
After a successful rental period of just under three years, the investor sold the property in 2025 for $690,000 – more than doubling the original $315,000 purchase price.
This project highlights the power of strategic, flexible lending. With Equidy’s support, the investor turned a standard flip into a smart, income-producing asset and profitable sale – a true example of how creative finance can fuel long-term wealth for California flippers and developers.
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