All Forum Posts by: Lizina Green

910 Willowbank Rd, Georgetown. Sc

In well established, sought after neighborhood. There are no renovated homes for sale in this neighborhood and only 1 house for sale (and its outdated). Our last flip in this neighborhood was under contract at asking price in less than 7 days.

House is on 4 lots (can't be split), has potential for water/marsh views

4 Bedrooms 2.5 Baths

Heated Sqft: 2100

REHAB: No new roof on this one (done July 2017) but need to replace soffits, install a fence to direct people to the front door, update front porch, Removal of Potential Asbestos floor tile, reconfigure to have 1 of the 2.5 baths to a master-bath, renovate the other bathrooms, update kitchen, new appliances, waterproof crawlspace, replace 1 of the HVAC units (1 is new and 1 is old), replace all windows, add design details, and have marsh brush cut down to expose a potential water view.

Purchase Price: $112,350

Rehab: $60000

Time from close to close: 5 months

Purchase Closing date: January 2nd (likely close later in the week due to holiday season)

Potential List in March 2019

Potential Sell Price: $259,000

Potential Profit: $59,000

Investment Opportunity: $172350 for purchase and rehab for a 50/50 split of the profits. First position lien. Funds would be transferred through attorney escrow.

We will cover all closing costs and holding expenses.

Check our profile to see our previous flips.

Contact me at [email protected].

Investment Info:

Single-family residence fix & flip investment in Georgetown.

Purchase price: $39,000
Cash invested: $58,000
Sale price: $143,500

3/1 turned into 3/2 with dining room added. Complete gut down to studs and floor joist. Only thing not replaced was the shell of the house.

What made you interested in investing in this type of deal?

Great neighborhood

How did you finance this deal?

Bank commercial loan

Investment Info:

Single-family residence fix & flip investment in Georgetown.

Purchase price: $137,887
Cash invested: $30,000
Sale price: $201,000

3/2
1650 heated sq feet.
All brick in great neighborhood

How did you finance this deal?

Seller Financing

Investment Info:

Single-family residence fix & flip investment in Georgetown.

Purchase price: $45,600
Cash invested: $28,000
Sale price: $123,000

3/1 1200 sq heated.
walking distance to good elementary school

What made you interested in investing in this type of deal?

Direct mail seller and the price was ridiculously good

How did you find this deal and how did you negotiate it?

Direct Mail

How did you add value to the deal?

Complete updating kitchen, bathrooms and bedrooms. New windows. new hot water heaters. curb appeal.

Investment Info:

Single-family residence fix & flip investment in Georgetown.

Purchase price: $145,000
Cash invested: $32,000
Sale price: $230,000

3/2 1800-heated sq ft
In great well-established neighborhood

What made you interested in investing in this type of deal?

Great sell price in one the best neighborhoods in town.

How did you find this deal and how did you negotiate it?

MLS. Originally listed for $155000

How did you finance this deal?

Hard Money

How did you add value to the deal?

Updating the floor plan and updating bathrooms and kitchens

What was the outcome?

We made a great ROI.

I may try short-term seller finance strategy.

Has anyone partnered with an owner to flip a house and if so I did you legally structure the deal? I been looking at house that been sitting on the market for over 200 days due to an interesting floor plan. The best way to optimize a profit and increase return to the owner would be to partner. The owner holds the property and we renovate. Any thoughts? Thank you for time

yes, after investigation they appear to a be fraud. BEWARE.

I have been in contact with this company concerning a recent flip I need financed. Has anyone worked this company before?

Thanks

Have been contact with Paul Montalbano of Montalbano Enterprises for private money deal. Anyone have experience with this lender?

Thanks