625 Woodward St, Orlando Fl 32803 – New Construction (Click)

April 14, 2013 by · Leave a Comment 

New construction to be complete by 7/1/2013. This custom home will have 5 bedrooms, 3 full baths, 2 car garage and have 2568 sqft under air. This property was originally going to be rehabbed until it became more cost effective to rebuild. Our plans are being submitted this week and hopefully a permit will follow soon after. The price for this home is $449,900.

 

47 E. Yale St, Orlando Fl 32804 (College Park) $399,900

47 E. Yale St, Orlando Fl 32804 (College Park) $399,900

February 24, 2013 by · Leave a Comment 

Stunning and completely new, this charming bungalow is in the heart of College Park.    The entry doubles as a porch perfect for relaxing and enjoying the view.  The formal living areas are beautifully finished with oak hardwood flooring.  The stacked stone fireplace adds comfort and charm to the formal living room.  The kitchen is a chefs dream with kitchen aid stainless steel appliances, exotic granite countertops, stone flooring, custom made cabinetry, and a designer sink.  An open arrangement of the family room and kitchen takes in the natural light through the battery of windows, with French doors opening onto the bricked patio, creating an inviting place for guests to gather.  The master bedroom is a private retreat complete with spa like master bath adorned with stone flooring, a garden tub, double designer sinks, custom cabinetry and a huge walk-in closet.  Secondary bedrooms and baths are immaculate.  Extra enhancements include new double paned low E windows, crown molding, new insulation, Samsung washer and dryer, and more… Call Mike Calvert for more info 407-702-4900

Oviedo Rehab Finished And Sold (Pics)

Oviedo Rehab Finished And Sold (Pics)

February 17, 2013 by · Leave a Comment 

Here is our latest flip to close. We bought this home in Oviedo for 145k and sold in just over 90 days for 300k. We had a buyer a month before we finished rehab, another flip without needing the MLS. This home also appraised at 312k. I had a few buyers that I tried to wholesale this to tell me that 280k is the max ARV. Not only did appraise for a lot more, it was also a easy home to sell. We had several people want the home after we had it under contract.

Exterior before (Click on pics to make bigger)

 

 

 

 

 

The rear of the home had a lot of wood rot. We ended up siding the whole house for under 10k.

 

 

 

 

 

Here are some after pics of the front. We also replaced a lot of the deck and railing.

Kitchen before

 

 

 

 

 

 

 

 

 

 

Downtown Orlando Flip Located On Concord St (Finished)

Downtown Orlando Flip Located On Concord St (Finished)

January 13, 2013 by · Leave a Comment 

Here is our latest flip in the downtown Orlando historic district. This home was 900 sqft when we purchased it and we increased the size to 2350sqft. The original 2/1 is now a 4/2 and completely updated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

College Park Flip With Addition All Complete

College Park Flip With Addition All Complete

November 26, 2012 by · 3 Comments 

Here is one of our latest Orlando Florida flips. This home is located in the college park area of Orlando. When we bought this home it was a 2 bedroom, one bath home that was only 900sqft. We built an addition on the back making a 3 bedroom, 2.5 bath and increased the size to 1860sqft.

 

 

 

 

 

 

 

 

 

 

 

Below you can see we added a front porch and changed the elevation of the home. The garage has been converted back to its original use and we added a paver driveway.

 

 

 

 

 

 

 

 

Here is the back of the home before the addition.

 

 

 

 

 

 

 

 

 

 

 

The floor joist and trusses. We built the addition to match the existing structure.

 

 

 

 

 

 

 

 

 

 

Historic Concord Home In Downtown Orlando

Historic Concord Home In Downtown Orlando

September 10, 2012 by · Leave a Comment 

Here is an update on one of our latest investment properties that we are flipping down town Orlando. This home is located in the historic district so it has been a slow process of getting things approved and inspected. This home was 1100sqft when we bought it and we tore an old addition off the back. The new addition is over 1200sqft bringing the new square footage to over 22oosqft. The first picture below shows the old addition demo.

Here is a picture of the slab before we poured it.

The slab here is poured. It doesn’t look that big from this picture but once your inside it does.

 

 

 

 

 

 

 

 

 

 

 

Day 1 of the framing.

 

 

 

 

 

 

 

 

 

 

 

Here is day 3 of framing.

 

 

 

 

 

 

 

 

 

 

Maitland Flip Finished (In And Out In 61 Days) Video

June 25, 2012 by · Leave a Comment 

Here is our latest flip purchased on 4/12/2012 and sold on 6/13/2012. Only 61 days from start to finish and everything went smooth except the appraisal. When we bought this home we wanted to sell for 175k and instead listed it at 195k. The good news was we had buyers lined up at 195k. The bad news is the home only appraised at 184k. This flip still turned out very good in the end and we have moved on to new projects. The market for flipping this year has been very good on the sell side and finding the good deals has become more difficult. If you see a good deal don’t hestitate because chances are someone else will jump on it.

Marcia Dr Flipped In Under 90 Day’s (Video)

April 9, 2012 by · Leave a Comment 

Our Marcia dr flip has sold and turned out to be a solid flip. We purchased this home less than 3 months ago and had 3 full price offers within a few day’s on market. This home was purchased at $53,000 and sold at $119,000. We had right at 30k in the rehab and profitted 27k. This was another home we had wholesale for almost a month and no takers.

Buy, fix and flipped in 55 day’s

Buy, fix and flipped in 55 day’s

March 29, 2012 by · Leave a Comment 

The Winter Springs flip on Evergreen has sold and went extremely well except for the appraisal. The home was only on the market 2 day’s and I recieved a full price offer ($99,000). We left the home on the market a couple more day’s and recieved 2 more full price back up offers, then we marked it pending. The first apprasal was for more than asking and the second came in at $95,000. I recieved the bad news a couple day’s before closing and was assured it would close on time at the lower appraised price. I went ahead and took it. I still made out good on this house that nobody wanted. This property was on our site for a month at 55k and no takers. Here is how the deal worked out for me:

Purchase – $53,000.00

Closing cost buy – $3,214.45

Hard money payments – $1,469.76

Rehab – $14,414.95

Closing cost sell – $5,306.25

Total cost – $77,405.41

Sale price – $95,000

Profit – $17,594.59

 

 

FHA UPDATE-Anti Flipping Extended

December 23, 2011 by · 1 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 · 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 · Leave a Comment 

Silver Star Rd #195 Orlando FL. 32808 – $19,900 PENDING (CLICK HERE)

October 31, 2011 by · Leave a Comment 

Fort Smith Blvd, Deltona, FL. 32725 – $34,900 PENDING (CLICK HERE)

October 31, 2011 by · Leave a Comment 

W 13th St, Sanford, FL. 32771 – $33,000 AVAILABLE (CLICK HERE)

October 31, 2011 by · Leave a Comment 

Wholesale Property In Conway Area Finished (Video)

October 27, 2011 by · 1 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 · Leave a Comment 

HIBISCUS RD, CASSELBERRY, FL. 32707 – $49,900 PENDING (CLICK HERE)

October 14, 2011 by · Leave a Comment 

The Mead dr Flip Is All Done (Check Out The Video)

September 29, 2011 by · 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 · Leave a Comment 

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