Amazing Grace...How sweet the deal...

Amazing GRACE...how sweet the home!!!

220 Grace Video:

Front of 220 Grace

Kitchen with New Cabinets and Granite Counter Tops

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...