Rehab Updates From MFIP

 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

Princeton Home In College Park (Update 3)

Our 400 Princeton ave home is coming along slowly. Our permits and plans took longer than we liked but everything is approved and now things are moving along. This former 2 bedroom, one bath and 1182sqft will be transformed into a 4 bedroom, 3bath and over 2000sqft. 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. I will be adding photos and comments to this blog post, so check back to see our progress.

Front view photos

Here is the before picture of the front. We will be replacing all the windows, knocking the existing stucco down and giving the home a Mediterranean stucco finish.

The stucco is now complete and ready for paint.

 Side view photos

 Before picture of side.

The addition is all framed in, new windows in the existing structure.

Side view with new stucco.

   Read more... (1007 words, 53 images, estimated 4:02 mins reading time)

Harmon House In Winter park (Final update)

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.  Read more... (859 words, 41 images, estimated 3:26 mins reading time)

62 Acre Approved Subdivision

ASKING PRICE: $3,195,000.00 

If you’re not flipping homes, what are you waiting for?

What have I learned since my last property update a couple of months ago? The same doom and gloom fills the airwaves on TV, radio and in the news paper. All the talking heads and writers are wrong again. I have learned over the last 10 years that people who are not investing in real estate should not be reporting on the real estate market. I have an alliance with 12 other wholesalers here in town and none of us took a break when the market was dropping in value. We all continued to buy, fix, sell and wholesale. Everyone in my group just adapted to the market and continued business as usual.  We now have the media and so called experts predicting the market will take another hit after the tax credit expires on April 30th. So what should we all do?  Sit, watch and wait OR buy houses. Personally I am buying, the Hargill and Shriver properties are recent MFIP purchases. The summer months are upon us and people will be moving as usual and they will be looking for non bank deals that are move in ready. My plan is to provide those homes.  If you have any doubts about the market, the proof is below. A few months back I posted some similar successful flips just like below. We have several new properties that just came on the market and some still in the rehab process.  You will see a similar property update in a couple months just like below. You can be a success story on that list or someone sitting on the sideline waiting for the media to tell you when it’s the right time to invest.    Read more... (360 words, estimated 1:26 mins reading time)