FHA UPDATE-Anti Flipping Extended
December 23, 2011 by admin · Leave a Comment
It is now official, FHA has extended the Waiver of Anti-Flipping Regulations through December 31, 2012.
This extension will continue to allow borrowers to use FHA-insured financing for the purchase of properties that have been owned by the seller for less than 90-days, meeting the same conditions as previously permitted by FHA.
- In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the Waiver will only apply if the lender meets specific conditions and documents the justification for the increase in value. This typically means a second appraisal and home inspection.
This is great because it still encouranges investors to buy homes and fix them up creating more inventory that is fixed up and can be closed on without doing a short sale.
Pinecrest Home Downtown Orlando Is Complete
December 12, 2011 by admin · Leave a Comment
Here is a look at our Pinecrest flip that we just completed in downtown Orlando. This flip took over 60 days because of permitting the back garage conversion. The new apartment in the back is now on its own separate water, power and has its own address. This apartment has its own living, kitchen, bedroom and full bathroom. This space could also be used as a professional office as it is zoned. The main changes in the front home were the entrances to the bathroom. Before you had to go through bedrooms to get to bathroom. We took out the closet in bedroom 2 and cut a new entrance. Then we closed off the 2 other entrances and built a new closet using part of the back porch. We also replaced the windows, refinished the existing floors, new trim, doors, brand new kitchen, brand new layout for bathroom, changed the exterior look of the home, new stucco finish and paint. We now have this home listed at $225,000.
Hancock Dr., Titusville, FL 32780 – $35,900 PENDING (CLICK HERE)
November 7, 2011 by admin · Leave a Comment
Silver Star Rd #195 Orlando FL. 32808 – $19,900 PENDING (CLICK HERE)
October 31, 2011 by admin · Leave a Comment
Fort Smith Blvd, Deltona, FL. 32725 – $34,900 PENDING (CLICK HERE)
October 31, 2011 by admin · Leave a Comment
W 13th St, Sanford, FL. 32771 – $33,000 AVAILABLE (CLICK HERE)
October 31, 2011 by admin · Leave a Comment
Wholesale Property In Conway Area Finished (Video)
October 27, 2011 by admin · Leave a Comment
Here is one of our latest flips in the conway area located in Orlando Florida. We purchased this bank owned foreclosure for $70,600 and sold for $149,900. This flip was only on the market one day and closed on time. We updated everything inside, doubled the size of the master bath, cleaned up the pool and replaced the A/C system. Both conway homes we rehabbed in the last couple months sold really fast and near full asking price. For us the conway area has been just as hot as the downtown Orlando area and college park. We have 3 of our current flips under contract now and the market seems to be very stable right now for flipping homes. Our other 3 homes under contract are located in Winter Park (Miller ave), Downtown Orlando (Pinecrest) and Casselberry (Coldwater). Check out our wholesale properties and give us a call. We are a full service investment company that can take you from start to finish.
Langford way, Orlando Fl 32822 – $49,900 PENDING (CLICK HERE)
October 24, 2011 by admin · Leave a Comment
HIBISCUS RD, CASSELBERRY, FL. 32707 – $49,900 PENDING (CLICK HERE)
October 14, 2011 by admin · Leave a Comment
The Mead dr Flip Is All Done (Check Out The Video)
September 29, 2011 by admin · Leave a Comment
Here is the before and after video of our latest flip in Oviedo Florida. This home was an estate sale purchase that we bought from another local wholesaler. This flip took about 1 month to complete and $30,000 to complete. Check out the video to see the tranformation.
Sonoma Ct, Longwood, FL. 32750 – $118,000 SOLD (CLICK HERE)
September 24, 2011 by admin · Leave a Comment
Hager St, Deltona, FL. 32725 – $39,900 SOLD (CLICK HERE)
September 21, 2011 by admin · Leave a Comment
343 Mead Dr, Oviedo, FL. 32765 – $195,500 AVAILABLE (CLICK HERE)
September 19, 2011 by admin · Leave a Comment
5012 Milford Estate Pt, Oviedo, FL. 32765 – $289,900 AVAILABLE (CLICK HERE)
September 2, 2011 by admin · Leave a Comment
10 W Harding St, Orlando, FL. 32806 – $134,900 AVAILABLE (CLICK HERE)
September 2, 2011 by admin · Leave a Comment
E. Hillcrest St, Altamonte Springs, FL. 32701- $79,900 SOLD (CLICK HERE)
September 1, 2011 by admin · Leave a Comment
Eastbrook Blvd., Winter Park, FL. 32792 – $74,000 AVAILABLE (CLICK HERE)
September 1, 2011 by admin · Leave a Comment
Lake Margaret Dr, Orlando, FL. 32806 – $89,900 SOLD (CLICK HERE)
August 5, 2011 by admin · Leave a Comment
1760 MILLER AVE, WINTER PARK, FL. 32789 – $107,500 PENDING (CLICK HERE)
July 25, 2011 by admin · Leave a Comment
Mt Vernon St Before And After (Video)
July 17, 2011 by admin · Leave a Comment
Check out our Mt Vernon flip video. This video shows the transformation from start to finish. This flip was purchased at $80,000, $45,000 in repairs and now under contract at $183,000. Only 2 days on the market!
