Amazing GRACE...how sweet the home!!!
Here’s a property that was listed as a short sale. Investor decided to put an offer and it got accepted 2 months later. Investor decided to fix it up to sell for a quick flip. Let’s see how much we can NET on this Flip. Here we go…
This is a completely remodeled 4bed/2bath, 1544 Square Feet house in the North Sacramento/Natomas Areas. This property was a Short-Sale purchase. The bank approved the Short Sale 3 months later at $85K.
Here's the breakdown for this deal:
Purchase Price: $85K
Repair Costs: $20K
ARV (After Repaired Value): $145K (Appraised By Bank for an FHA Purchase)
NET/Equity: $40K
Time Frame: TBD
ROI (Return on Investment): TBD
Currently, this property is in Escrow and the bank just appraised it a couple of weeks ago for $145K. We are waiting for the buyer's loan to get approved.
Until Next Time...
220 Grace Video:
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| Front of 220 Grace |
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| Kitchen with New Cabinets and Granite Counter Tops |
This is a completely remodeled 4bed/2bath, 1544 Square Feet house in the North Sacramento/Natomas Areas. This property was a Short-Sale purchase. The bank approved the Short Sale 3 months later at $85K.
Here's the breakdown for this deal:
Purchase Price: $85K
Repair Costs: $20K
ARV (After Repaired Value): $145K (Appraised By Bank for an FHA Purchase)
NET/Equity: $40K
Time Frame: TBD
ROI (Return on Investment): TBD
Currently, this property is in Escrow and the bank just appraised it a couple of weeks ago for $145K. We are waiting for the buyer's loan to get approved.
Until Next Time...
