Interested in Fixing properties, single family homes, and reselling them for a profit? We can send you a list that's updated daily, so that you'll be looking at fresh information all the time, of Properties For Sale that need some upgrading to look their best.
Please tell me what your Price
Rage is so that I can tailor your list within your Price Range, most homes
available are over $250K, the listings will be coming from another of our
websites, once you no longer want to receive the information, simply let us
know and we'll stop sending you the special listings.
Contact
Me to receive the Special Home List, there are some
great opportunities, let me know that you're an Investor and send me your full
contact information, let me know the price range, the opportunities are all
over Broward but you can select a specific area from the map, that will be
provided.
Fix and Flip Here
are some tips:
One way to avoid potential
“money pits” according to Auito, is to be sure that three areas of the house
are solid: electrical, plumbing and heating/cooling systems. “These systems are
expensive to correct in relation to the value they return to you upon resale,”
Auito says.
Other areas to pay close
attention to: roofing, foundation and structural integrity. Unless you have a
large corporation backing you with an open checkbook, you want to stay away
from foreclosures that have problems in these areas, because your return on
investment won’t be substantial enough to make it worth your while.
The True Value of Your Home in South FL
Try to find foreclosures with
simple “cosmetic” problems. Find yourself a reliable remodeling company (like A
Humble Abode) and use the following procedure to turn over your investment in
short order, according to Dan Auito:
l Order a dumpster for the next
ten days and get your demolition man to throw out everything including the
kitchen sink. In other words, clear the decks.
l After the house is cleared of
debris, it’s time to patch and paint. Let your painters blast the place with
their airless paint-spraying arsenal inside and out. Within three days, you’ll
have added a huge improvement to your investment. This is the biggest
dollar-for-dollar return you can make. Make sure that quality paint is used.
“When it comes to painting,” Auito says, “it’s the labor that kills you, not
the material. If possible, insist on Sherwin Williams Super Paint. It is a
miracle-type formula that covers up bullet holes without any patching compound
and it lasts forever. It’s worth every penny; insist on it.”
l After the painters leave, the
flooring guys can lay tile and carpet, which will take two to three days.
l Next bring in the cabinet
installers and handyman plumber.
l Last comes light fixtures,
vanities, toilets, sinks, doors, switch plates and outlet covers.
“Ten days are up,” Auito says,
“and this house is either held out for rent, lease-optioned or sold for a whole
heck of a lot more than the ten grand that was put into it, if that much.”
Auito gives this example of a
successful F&F: “I bought a house for $55,000. Its deficiencies were purely
cosmetic. I used other people to do all the work and I pitched in to keep them
organized. Ten days later, it was done. I spent a total of $5,000 on materials
and labor and it appraised at $90,000 in 10 days!
That’s $30,000 in 10 days, not 3 months.”
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