Hampton Ave Flip Downtown Orlando Complete

Take a look at this flip using the view with PicLens link in the left hand corner above the photo's. In the photo's I explain the changes made to the property.

Our downtown Hampton flip is all finished and this little 2/1, 1050sqft home is now a gem. We converted the garage conversion back into a garage and created a little area for a dining table. The kitchen layout was changed by adding a back door, pantry and bar top. The rest of the home had no major changes and was updated. This home was a bank owned foreclosure that we purchased at $67,500 and plan on selling at $139,000.

[Show as slideshow]

[View with PicLens]

The Deerwood Flip In Central Florida Is Complete!

Our Deerwood property is finally done and move in ready. This former bank owned foreclosure was one ugly duckling. We had to put a lot of thought on the inside and outside of this project. The exterior was a complete make over from it's odd contemporary stye to it's fresh new spanish sytle design. On the interior we added a bedroom, made the family room functional, fixed the design flaws in the kitchen and much more. Check out the pics in the view with pics lense tab located in the left corner above the pictures. I explain in detail the changes made throughout the home. You will be amazed. This property is now on the market and we are getting a lot of good feed back. This home is located in an established neighborhood on the east side of Orlando. With mortgage rates at an all time you couldn't ask for a better time to buy real estate in the central Florida area.

[Show as slideshow]

[View with PicLens]

Winter Park Investment Property Located In Central Florida

Take a look at this flip using the view with PicLens link in the left hand corner above the photo's. In the photo's I explain the changes made to the property.

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 bought this property with a vacant lot in the back. In the future I plan on building a new home on this lot. This is the 4th vacant lot that I have acquired in the past year. Once new construction picks up I will start building on these lots. This property and the other lots I purchased from other wholesalers. I have purchased several properties in the past from wholesalers and I have also sold several properties to other wholesalers. I personally don't care where the deals come from as long as the numbers work for me. In today's market the bank owned properties (REO's) are usually the best deals and the competition is fierce. When buying from wholesalers you usually pay about 3%-5% more but you don't have to waste time looking and putting in several offers.

[Show as slideshow]

[View with PicLens]

Downtown Orlando Investment Property Rehab

Take a look at this flip using the view with PicLens link in the left hand corner above the photo's. In the photo's I explain the changes made to the property.

Here is a property we bought in the downtown Orlando area. This bank owned foreclosure was purchased for $111,000 and sold for $223,000 five months later. We target  investment properties in the downtown area, Winter Park and college park area. These areas are more pricey but the payoffs are greater and properties seem to appraise easier. We have also found that the higher dollar homes close on time and have less hiccups. Just like buying in lower income areas you have to buy right and budget accordingly. When buying the lower end homes your margin of error is slim and you have to be careful not to under estimate the repairs. If you under estimate repairs it may influence you to pay more. Paying too much on something you under estimate can turn what you thought was a $20,000 profit into a loss. We always estimate high on repairs to combat unforeseen repairs. This property we ran into some unforeseen problems with the floors. When we ripped out the floors we noticed that the bathrooms and kitchen there was concrete about an inch and a half higher than the rest of the house. We had two choices to level the floors 1) float the whole home with concrete or 2) tap con plywood through the whole house. Since the floors were leveled out before with concrete and came up when we removed the tile we then chose to level the home with plywood and carpet. The bathrooms we tiled to the existing concrete. Everything turned out perfect but it was a cost that was not planned for. Mid Florida Investment Properties offers free rehab consulting to help our buyers through the whole flipping process. 

[Show as slideshow]

[View with PicLens]

Casselberry Florida Investment Property Finished

Take a look at this flip using the view with PicLens link in the left hand corner above the photo's. In the photo's I explain the changes made to the property.

This bank owned foreclosure I purchased for $114,000 back on June 12 2009 has sold! This was a fun rehab that took just over 30 days to complete. We just sold it on 11/12/2009 for $212,500, exactly 5 months. Huge profit!! This home was converted into an assisted living home with 4 bedrooms and 4 bathrooms. We turned it back into 3 bedrooms with a room that could be used as a forth bedroom. We reduced the bathrooms to 3 full baths and converted the garage conversion back into a 2 car garage. Check out the pics to see all the changes we made to this flip.

[Show as slideshow]

[View with PicLens]

East Orlando Investment Property (Bryston)

Take a look at this flip using the view with PicLens link in the left hand corner above the photo's. In the photo's I explain the changes made to the property. I completed the repairs on this bank owned foreclosure in less than 3 weeks. Homes in this east Orlando neighborhood are selling below $100,000, so I used economical materials in this flip. We used a basic shaker cabinet and prefab granite in kitchen along with lower end appliances. We used a closed out tile throughout the house including the shower. This home had a decent roof, A/C unit and newer windows when we purchased. This allowed us to keep the total remodel cost us just under $15,000. Mid Florida Investment Properties, LLC not only rehabs distressed properties, we also wholesale deals just like this to other investors. 

[Show as slideshow]

[View with PicLens]

College Park Foreclosure Home In Central Florida Remodeled To Perfection (CLICK HERE)

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.  Read more... (1192 words, 72 images, estimated 4:46 mins reading time)

Winter Park Home Flip Video Part 4

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

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

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

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…