Downtown Orlando Flip A Huge Success

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. 

The property below was purchased at $111,000 and is now pending at $239,900. The rehab cost was just under 50k and I partnered with local investor Anthony Kusky on this one. Our profit after commissions and closing cost will be over $50,000 to split. Not bad for a property that took 40 days to rehab and a week to get under contract.

Here is the front before we painted, removed shutters, turned carport into garage, repaired stucco and cleaned up the yard.

The front finished.

 Here is the living area before we raised the back part of the roof. The ceiling was only 7ft before we started and the room felt really small.

 Here you can see where we removed the side walls. The new roof is framed in and we now have the same height ceiling throughout the living area.

 We used the old support while building the new. Now the roof is tied into the existing front section.

 Drywall install.

 The new custom wall unit and open floor plan.

 The finished living area staged.

 The living area from a different view.

 Here is what the outside looked like.

 Almost ready for the new stucco.

 The stucco was a perfect match.

 The back finished.

 Here the kitchen before. This kitchen had very little upper cabinets and storage.

The kitchen gutted.

Here is the finished kitchen with custom 42" solid wood cabinets, granite counters, stainless steel appliances.

Kitchen finished.

 The huge master suite.

 The master bath with his and her sinks, Jacuzzi tub, custom cabinets, granite counters and new tile.

 This shower is huge! The picture doesn't show how deep and wide this double headed shower really is.

 Here is the hall bath that we completely gutted and replaced everything.

 This home has two master bedrooms, this is the original master bath that we completely gutted and replaced everything.

 That is all for now. I will keep you updated on future rehabs like the big college park project I just started. It's a total disaster and will take around 80k to make nice. I will post some pictures soon and throughout the process.