Orlando Home Flipping Updates
December 17, 2009 by Mike Calvert · Leave a Comment
The 2013 Lake Dr home 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!!
Here is the 31 Areca home in Azalea Park. MFIP sold this home to another investor back on 6/22/2009 for $52,000. This home recently sold on 11/13/2009 for $122,900. The investor made a huge profit.
7751 Boreas is another future success story. This home was also purchased from Mid Florida Investment Properties (MFIP) by another real estate investor. The home was purchased on 9/22/2009 fo $75,000 and is now pending at $130,000. The closing date is set for 12/21/2009. We received an offer right away on this home and we are closing right after the 90 day seasoning. Another huge profit!
Here is another home purchased from MFIP. The investor bought it from MFIP for $49,900 back on 10/15/2009 and it is now pending at $100,000. For this home, we have a conventional buyer and can close before the 90 day seasoning period.
These are just a few of the many homes purchased from Mid Florida Investment Properties, LLC. MFIP wholesales properties like these all the time to other investors. We also help investors who buy our wholesale properties with consulting during the rehab and also help sell the home when complete. There are several properties close to being completed and we will have many more updates coming soon.
Make sure to sign up for our email alerts on our www.buymfip.com site. This will keep you updated of any new properties when they come available.