Fix and Flip Properties

[Neil Rose]

Okay so this will be a busy week. Here’s what I’ve got

1- OKC- officially in contract. Have inspection period for buyer. Escrow due this week of $500 but is refundable within the inspection period time- seller is not that worried about extension of needed.

42k purchase ( hard money lender I know said they wouldn’t lend because rehab is more than purchase)

65k rehab ( have bid from GC doing flip on same street)

165k ARV- home being flipped down street by Broker going to be listed for 199k.

Broker who's managing their own flip down the street is willing to manage rehab if asked as either JV partner or project manager.

2- Altamonte Springs FL- Purchase price 120k- rehab -40k- ARV- 210k ( property manager who runs my jobs their walked property and sent video today ). He's willing to be a JV partner to manage flip if asked ( usually is) or he may manage the project for a fee ( whatever you work out with him is fine)

3- Oakley OH- Purchase price 200k, rehab 45-50k ( GC walked today and gave verbal bid - will have full bid on paper tomorrow) ARV- 350k ( there's a comp at 408k but I'm going conservative) broker willing to manage as JV partner if asked

4- Norfolk VA- 180k- rehab very light - 25k - ARV - 260k based on a couple comps right down the street

These properties are ready to go under contract by end buyer - escrow will be required but refundable until the end of inspection periods- which we have on all of the properties.

Videos available on all of these along with the ability to do zoom calls from the properties with the brokers.