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22 Jan
Posted By: Sean Terry | January 22, 2009
Video Presented By: Mike Lima | January 20, 2009
Lay the Ground Work with your Contractor from Day One
If you haven’t watched Part I you can do so HERE.
In this series you will meet Tim Solis from Urban Contracting as Mike Lima goes through the work order and explains exactly what items will be address and renovated. This is not a big project for us, the total renovation will roughly cost $12,000 to $15,000. This house is valued at approximately $150,000 and was acquired from a local wholesaler who tied it up from a bank. The interesting thing is that the wholesaler made roughly $8,000 and we still got a great deal. We normally purchase properties at 40%-50% of market value after renovation. We find these homes from either bank listings, wholesalers or we bid on properties at Maricopa County Court House where they hold trustee sales. We are able to acquire these deals because we are not afraid of rough properties and we can close in lighting speed with all cash. Enjoy Part II of this IV Part Series
If you would like to purchase this investment property with 25% built in guaranteed equity for only $7,500 out of pocket please CLICK HERE.
Happy Investing
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nice post, thanks for sharing!
Thanx
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