Flipping Properties

Do you think the time for “flipping properties” is over and done with? Not so! If you are careful and know what to look for then this is still a great time to flip them. Take a look at this example.

In June of 2009, we helped one of our investors purchase this property outside of Caldwell, for $64,933, at a foreclosure auction. The home was an old farm house (2200 sq. ft.) sitting on 5 acres with a barn. We went in and put new counters in the kitchen, new paint and carpet, along with a new roof. Other improvements included a sprinkler system and sod for the yard, new landscaping and a new garage door. Our total repairs cost us approx $33,000.

In Oct of 2009, we sold this property for $144,900. After we figured our closing costs including paying the realtor fees, buyers closing costs and other misc fees, the net profit was in excess of $35,000. Not a bad profit, for less than 120 day turn around.

This is just one example of our program for investors to flip properties. Please let us know if you are interested in finding out more information on this great program.