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Updated over 9 years ago on . Most recent reply

User Stats

1,757
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1,053
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Adam Bartomeo
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
1,053
Votes |
1,757
Posts

When Everyone Says It Can't Be Done - Another 2 Houses Sold

Adam Bartomeo
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
Posted

From the day I left corporate America, up to yesterday, I have been told that you can no longer flip properties in SWFL. "Those days are gone", "it's not like it used to be", "you can't find good deals anymore", is all I have heard all year. Wrongo! I have flipped multiple properties and made more in 8 months then I did in my best years as a manger in corporate America.

I was told by a bank that they wouldn't fund me because I don't have a job. I used my own money and then found private funding.

Got another one under contract today!

Nothing is holding you back but YOU!

Here are another 2 examples of what you can do.

1. Purchase $42,000

Rehab $8,000

Sale $116,000

Cash on cash return 346%

2. Purchase $205,000

Rehab $42,000

Sale $293,000

business profile image
Bartomeo Property Management
4.7 stars
97 Reviews

Most Popular Reply

User Stats

1,757
Posts
1,053
Votes
Adam Bartomeo
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
1,053
Votes |
1,757
Posts
Adam Bartomeo
#5 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
Replied

@Patricio P. Absolutely right. I just got another home under contract - off the MLS - with a spread of $100k. No low ball deal, I offered full price.

Although, it was on the MLS it was not where most people look on the MLS. Understanding how to use the MLS was key in this one.

business profile image
Bartomeo Property Management
4.7 stars
97 Reviews

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