Aaahh, another flip project, our 7th on the list and first condo project. We presented this property to one of our retail clients when it was on the market as an REO. The clients did not like the property since it was obviously not in great shape. As it turned out, the NUMBERS made a lot of sense for us. So what is one flipper to do with that kind of information? Three steps: Acquire, Rehab and Re-sell. Check out the finished product. This one should go fast since other condo units are going for around $300k that still needs a lot of work.
If you know anyone who is interested in selling or purchasing real estate, contact Realtor Christine Almarines with ERA Buy America Real Estate @ calmarines@gmail.com. Christine delivers results!
Purchase Date: November 13, 2009. Close of Re-sale: March 5, 2010. TOTAL Project Time: 3 Months 3 Weeks.
Below are BEFORE and AFTER photos of Chapman Project #7, The "Finders Keepers" Project.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment