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Updated about 10 years ago on . Most recent reply

User Stats

661
Posts
400
Votes
Andrew Cordle
  • Real Estate Consultant
  • Alpharetta, GA
400
Votes |
661
Posts

Turnkey Flip! Your Profit 17k to 22k

Andrew Cordle
  • Real Estate Consultant
  • Alpharetta, GA
Posted

Hey everyone, 

Last time, was the very first time I have ever posted one of my turnkey flips and I was overwhelmed with the amount of people that contacted me wanting to do a deal like that. I must say I normally only do maybe 2 or 3 of those a month. The rest of my deals are JV or all cash from me.

Here is the next Turnkey Flip deal that I have available...

ARV = 130k to 135k

Purchase = 62k

Rehab = 32k

CC = 13k

Our Fee = 6k

Gross Profit = 17k

Below are the basics of how it works. If you are interested you can PM me or post on this thread.  We do this as a first come first serve basis. Thanks

1. We find and locate the house

2. We create rehab budget

3. You buy the house and own the house this is not a JV or loan we are NOT on title.

4. You pay us a grand total of 6k.   50% or 3k of that will be paid upon closing to manage the construction process.

5. You pay construction straight to the contractor as we approve the invoices and work is complete. (No money is ran through us)

6. Once construction is complete we are paid the final 3k (of the 6k) for management of flip.

7. We list the house and sell it for 3%

8. When house close you receive all profit.

Andrew

PS Please feel free to call me to discuss or I am also willing to set up an on site visit to my area where you will be able to meet myself and my team, as well as walk through houses that are, under contract, under construction as well as houses that are finished and on the market. (Of course this house above you would not be able to come and visit then buy this actual house as it will most likely be gone in a couple hours) 

PSS Here is a video of some of my past flips.

Offering

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