Bess Ln, Orlando, FL 32808- $ 72,500 SOLD (CLICK HERE)
December 2, 2010 by Mike Calvert · Leave a Comment
Here is a great flip or rental with a great lake view. The lake is a private ski lake and owner of boat ramp lives across the street. Access to lake can be arranged through him. The home itself is in good condition for a rental. For a flip the home needs updating of kitchen and baths, pavers for pool, paint and minor cosmetic repairs
6033 Danube way, Orlando Florida 32807 – $89,900 AVAILABLE (CLICK HERE)
November 29, 2010 by Mike Calvert · Leave a Comment
Come check out this beautiful remodeled home in Azalea Park. This home is move-in ready and located close to the downtown Orlando area. This homes updating includes new kitchen with granite counter tops, real wood cabinets, new appliances and much more. The brand new bathroom has a new vanity, shower tile, floor tile, tub and new fixtures. Fresh painting and new floors throughout make this home a MUST SEE!!!! Engelwood Elementary and Jackson Middle Schools are just a short walk from this convenient location. Colonial High School is also just a short drive or bike ride away. There is also plenty of shopping just down the road at the Fashion Square Mall. For those looking to enter the central Florida job market this location is near Florida Hospital East, Orlando International Airport and all the shops Semoran blvd has to offer. Don’t let this opportunity pass you bye, call today for an appointment.
Are Properties Still Selling?
October 1, 2010 by Mike Calvert · 1 Comment
Here is the latest update on some of our buyer's who purchased homes from Mid-Florida Investment Properties,LLC. Our company is busier than ever with rehabbing properties and just as busy with our wholesale side of the business. The Hargill and Bryston property below are MFIP flips. We just finished 1453 Harmon ave and one week out from finishing 400 W. Princeton ave. The Deerwood property we started about two weeks ago and is coming along fast. I will get some video up soon and you won't believe the changes in the elevation.
Pending – 3931 Bryston dr, MFIP buy price $52,500, asking price $84,500
Pending – 5348 Locksley ave, MFIP buy price $74,900, asking price $144,500
Sold – 7118 Budapest way, MFIP price $52,000, sold for $100,000
Sold – 200 Kathy lane- MFIP price $135,000, sold for $325,000
Sold – 208 Sweetgum ct, MFIP price $72,000, sold for $106,500
Sold – 1613 Gattis dr, MFIP price $49,500, sold for $90,000
Sold – 2415 Hargill dr, MFIP price $111,000, Sold for $223,000
Check back soon for the conclusion of our Princeton home and the elevation changes to our Deerwood home.
Rehab Updates From MFIP
August 2, 2010 by Mike Calvert · Leave a Comment
Here is another update of some of the rehabs purchased from Mid Florida Investment Properties. We have several more in the rehab process and some just now hitting the market. The market has changed since the expiration of the tax credit. The frenzy is now over and buyers have more time to look properties over. The clean rehabs that are priced right are still moving. In order to achieve a clean rehab that is priced right requires a good acquisition price. Please feel free to contact us with any buying questions you might have or our full service program.
ADDRESS MFIP BUY PRICE SOLD PRICE
8146 Shriver dr $49,000 $90,000
1006 Barbados dr $69,900 $146,000
10660 Regency st $79,900 $135,000
PENDING
3931 Bryston dr $52,500 $97,500
7118 Budapest way $52,000 $99,900
200 Kathy lane $135,000 $349,900
Check back later for more updates
College Park Foreclosure Home In Central Florida Remodeled To Perfection (CLICK HERE)
July 19, 2010 by Mike Calvert · 4 Comments
Check out the transformation on our College Park foreclosure that we purchased from the bank (REO). This former 2 bedroom, one bath and 1182sqft will be transformed into a 4 bedroom, 3bath and 2275sqft. We will do this by building out the attic space and adding a master suite with bonus room over top. Our budget for this project is $80,000 and we purchased this property for $84,500. Once complete we will be marketing this property for $325,000. Mid-Florida Investment Properties is a wholesale company that supplies real estate at a huge discount to investors. Our company is also in the rehab business. We believe that to wholesale properties to must be active in rehabbing as well. We believe in what we do and our rehabs speak for themselves. There are many wholesale companies out there that do not rehab or have never rehabbed a property. We feel to sell wholesale properties you have to have a better understanding of what you sell. What better way than to actually particapate in what you sell. Our company has the construction know how by doing and the real estate back ground from selling hundreds of properties over the last 10 years. For more info on how to buy and sell real estate you can contact us here.
Harmon House In Winter park (Final update)
July 12, 2010 by Mike Calvert · Leave a Comment
Here are some pictures of the Harmon house in Winter Park Florida. This is the 7th rehab I have started this year and I am closing in on my goal of 12 rehabs this year. This rehab we won't be changing the floor plan too much. We plan on making the kitchen bigger, the master bath bigger and updating everything. I will update this post with more pictures as more work is completed.
Front pictures
Here is front before.
Here is the exterior with the new roof, garage doors, shutters, landscaping and we built some new columns on the porch.
Kitchen pictures
The kitchen only has 6 cabinets. This back wall in this picture is where the stove was, the stove stuck out almost one foot past cabinets and needs to be level with cabinets.
Here you can see we pushed the wall back so the cabinets will line up with the stove. The water heater is now to small for the closet and has to be moved. We were planning on moving the water heater to the garage anyway. The water heater had no pan underneath it and if it were to leak it would ruin the wood floors.
Downtown Orlando Flip A Huge Success
June 16, 2010 by Mike Calvert · 1 Comment
The Orlando real estate market is still doing very well for property rehabbers. Mid Florida Investment Properties has been extremely busy rehabbing in Orange and Seminole counties. Out of the 5 rehabs in our inventory we have one closing today, two pending and closing soon, one just completed and on the market and one in the rehab process. This month we are looking for two more properties to rehab in the downtown Orlando area, the nicer Winter park area, college park or colonial town. Our wholesale deals have been moving very quickly and our buyers are reporting some nice profits. The bank owned foreclosures are becoming harder to get at the right price and the inventory is shrinking. We stay on top of the market and are putting in multiple offers everyday. Joe and I have been inspecting 5-10 homes a day, running the numbers and having Tammy and Gabby submit the offers. The days have been long managing rehabs and looking at properties. Our team has been working around the clock to find good deals for our buyers. We also have been giving free consulting to our buyers to help make their flipping experience a profitable one.
East Orlando Flip On Bryston st
June 7, 2010 by Mike Calvert · Leave a Comment
Here are some before and after pictures of the Bryston home in east Orlando. Below you can see we took the garage door off and added a window to the garage conversion. The garage was already converted into an extra room and we just made it better. We also painted and changed out the front door.
Front finished
Below you can see what the inside of the converted room looked like. You had to enter through the laundry room, no window and the lighting was poor.
Here you can see where we framed in the new wall with window. We also floated the whole garage floor to take out the slope. Now we have a level floor.
This picture is taken from the new entry way. We closed off the door coming from the laundry room and created a new arch entry. We also put new drywall to replace the old.
Here is the new garage conversion.
Orlando Home Flipping Update For May
May 22, 2010 by Mike Calvert · Leave a Comment
Address_____________ MFIP PRICE___List/Sold Price__ Status
7951 Winter Song dr $69,000 $134,500 Sold
6440 Rockaway st $49,000 $95,000 Sold
2415 Hargill dr $112,000 $239,999 Pending
Real Estate Invsting in Central Florida
April 6, 2010 by Mike Calvert · 1 Comment
With its gorgeous year-round weather, world-famous theme park attractions, an eclectic array of restaurants and clothing boutiques, nearby beaches, and sizzling nightlife, Central Florida is one the nation's most prized residential gems. When you add award-winning grade schools and universities, booming high-tech industries, and no state income tax to the equation, investing in the Central Florida real estate seems like a no brainer.
Properties for sale in the area include single family homes, apartments, condominiums, townhomes, multiple family dwellings, and much more. Currently, the real estate market favors the buyer's pocketbook. As a result, investors with long-term goals couldn’t ask for more favorable market conditions.
If you're considering investing in Central Florida real estate, consider the following:
How to Make money with Fixer Uppers
April 2, 2010 by Mike Calvert · Leave a Comment
Making money with a Central Florida fixer upper has become a simple and lucrative enterprise, especially with the variety of foreclosed homes and other inexpensive properties available. Since the current real estate market favors the buyer's pocketbook more than the seller's, it is a prime time for investors to buy up fixer uppers.
What is a "Fixer Upper?"
A fixer upper is a home in need of some repair. As a result, fixer uppers can usually be purchased at a significantly discounted price. After the purchase, a few inexpensive repairs will usually add enormous value to the property.
If you are trying to make money with a fixer upper, consider the following:
How to Make Money Flipping Homes
March 22, 2010 by Mike Calvert · Leave a Comment
Flipping homes in Central Florida has become a very lucrative enterprise. Real estate investors add value to a bargain property by performing a few choice home repairs. These repairs may include new bathroom tile, colorful landscaping adjustments, upgrade kitchen appliances, fresh carpet, and more. With a little time and a little capital, anyone can successfully flip a home in Central Florida. So if you're ready to tackle this profitable enterprise, then take a look at the following proven home-flipping methods:
• PURCHASE, REPAIR, FLIP: The most popular home-flipping method is to purchase real estate that needs minor repairs, perform the repairs, which inflates the home value, and then put the home back on the market. It is very common for people to make around $25,000 from a single transaction using this method. If you decide to flip a home using this method, make sure not to underestimate how many repairs need to be performed and how much those repairs might cost. A thorough home inspection will help you evaluate any necessary repairs.
Home Flipping In Orlando Florida
March 3, 2010 by Mike Calvert · 1 Comment
Do you ever wonder what happened to some of those Mid Florida Investment Properties you passed on? Here is an update where these properties stand at the moment. I can’t share the contract price on the pending properties until they close. I will tell you that most of the offers are at asking price or more. We have a lot of rehabs almost ready to go on the market and I will keep you updated on the new and the pending properties below. The MFIP price is the wholesale price and the listed price is the price after the properties were rehabbed. Address MFIP Price List Price Status 537 W. Winter Park st $130,000 $255,000 Pending 7951 Winter Song dr $69,000 $134,900 Pending 6440 Rockaway st $49,900 $99,500 Pending 1946 Colton dr $55,000 $113,900 Pending 3914 Pelican ln $112,000 $200,000 Pending 5107 Taunton dr $67,000 $137,500 Pending 1832 Willow ln $82,000 $179,900 Pending 2013 Lake dr $114,500 $212,500 Sold 31 Areca dr $52,000 $122,900 Sold 7751 Boreas dr $75,000 $130,000 Sold www.buymfip.com for properties just like these.
FHA – Flipping Rule Waiver If Value Increased More Than 20%
February 27, 2010 by Mike Calvert · 1 Comment
For property sales prices that are 20% or more above the Seller’s acquisition cost the following must be performed: Keep in mind that if the value increases by 100% or more, a second appraisal is required:
- Appraiser must indicate the Seller completed legitimate renovation, repair and rehabilitation work on the subject property to substantiate the increase in value.
- If the work was not performed, Appraiser must provide appropriate explanation of the increase in value since prior title transfer;
AND
- The Lender processing the loan must order a property inspection report and provide a copy to the purchaser prior to closing. Cost of this inspection may be charged to the Borrower. The inspector must not have any interest in the property or relationship with the Seller and may only be compensated by the Lender. The inspector may not compensate any one for the inspection referral or be compensated for making referrals or recommending contractors to perform any repairs recommended by the inspection. Property inspections must include, at a minimum, the following:
- Structure, including foundation, floor, ceiling, walls and roof;
- Exterior, including siding, doors, windows, appurtenant structures such as decks and balconies, walkways and driveways;
Winter Park Home Flip Video Part 4
February 11, 2010 by Mike Calvert · 1 Comment
Here is part 4 of 4. The last video on my flip in Winter Park Florida. This video shows the rehab on two bathrooms. The hall bath we gutted and replaced a lot of rotted wood. It was just like most the bathrooms we rehab. I like to gut bathrooms and start over unless the tub and tile look updated. In the master bathroom we pushed the shower back a little over two feet into one of the master bedroom closets. This gave me enough room to install a vanity and give a little wiggle room to the new buyer. We built a new closet to replace the one we removed. Both baths are brand new from top to bottom and will help increase the over all value of the home.
Winter Park Flip Part 3 of 4
February 9, 2010 by Mike Calvert · 1 Comment
Here is part 3 of the Winter Park flip. In this video I show the kitchen transformation and bedroom upgrades. The kitchen was gutted and replaced with new custom cabinets with nice hardware, granite counters, stainless steel appliances and a tile backsplash. Kitchens are very important rooms when flipping homes and the area I give the most attention. I always make sure there is plenty of cabinet space and there is always a pantry. This home has two pantries, plenty of cabinets and the four main appliances. The bedrooms all have new carpet, blinds, ceiling fans, new doors and hardware. The master bedroom had two closets and I used one of them to expand the master bath. I built another closet on the same side as the remaining closet giving the master two closets again. This change made a big difference in the master without sacrificing space. Stay tuned for the final video that shows the dramatic changes to the bathrooms.
VIDEO: Winter Park Flip Part 2 of 4
February 1, 2010 by Mike Calvert · Leave a Comment
Here is part 2 of the Winter Park Florida home I just finished rehabbing. In this video I show how I take a porch and turn it into a den and indoor laundry room. Before the washer was in one closet in the kitchen, the water heater was in the other and the dryer hook up was outside in the utility shed. I turned the 2 closets in the kitchen into pantries and moved the water heater, washer and dryer hook ups to the new laundry room. I also show the new A/C system installation. This home had no central air and no attic space. We had to create a place to run the duct work. We built an arch to get air to the kitchen, dining, living and it connected into a box along the ceiling in the new laundry and den. The rest of the house we built a drop ceiling in the hall and ran the duct work to the entrance of each bedroom and bathroom. We had to do the same in the entrance to the master bedroom and had to drop the ceiling in the master shower to reach that area. When flipping homes you can run into some challenges and you have to find ways to fix problem areas in a way that a buyer finds appealing. Mid Florida Investment Properties has seen just about everything in the past ten years of flipping homes. We share our expertise at no cost to anyone that buys from our company. Mid Florida Investment Properties offers free consulting, marketing when the rehab is complete and we list the property for you. Both Mike Calvert and Tammy Kerr are licensed realtors with Sand Dollar Realty Group, Inc. Tammy and I both list our buyer’s properties for half the price other realtors charge. This saves our buyer’s thousands of dollars when they sell their property. Mid Florida Investment Properties #1 goal is to make our buyer’s money. If we do our job we know that we will create repeat business and build strong relationships!
Winter Park Flip Part 1 – Video
January 27, 2010 by Mike Calvert · 3 Comments
Here is the exterior of the Willow property I just rehabbed. This is my first time making a video of a rehab from start to finish. I learned a lot after the fact in regards to filming. The next house I will do a better job now that I have a tripod and figured out how to film the before and after shots from the same view points. If you want to flip a home like this property check out our website at www.buymfip.com. Our inventory moves fast and we get new properties every week at 30%-60% off the current market value. I will post the interior videos soon…
