How to make 500K flipping Real Estate

As a flipper myself,  All I can say is WOW!!
1.1M Purchase Price
250K in repairs
2M Value after the repairs and 3 months
Nice
True story with pictures







Comments

Post a Comment

Popular posts from this blog

Colorado’s unemployment rate at 2.3%

Image
Colorado’s unemployment rate in May stayed at 2.3 percent, maintaining its lowest-ever level — and the lowest nationally — as jobs in the private sector grew and government employment in the state fell slightly. The largest private sector job gains were in trade, transportation, and utilities, education and health services, and leisure and hospitality. The largest declines were in professional and business services, and manufacturing, according to the labor department. The state’s record-low unemployment rate is a mark visited only four other times by any state in recent U.S. history. The rate is so low, it is acting like an anchor on the state’s economy, leaving thousands of jobs unfilled and hurting the ability of businesses to meet customer demands, economists warned. Colorado’s unemployment rate has been steadily dropping since February, when it was at 2.9 percent. In May 2016, the level was 3.4 percent. The state says nonfarm payroll jobs have increased by 62,000 over...
Read more

Hud closing update

Many of you heard that there was a window of opportunity for us  yesterday  for us to be able to ship for closings for HUD transactions.  As of  5pm yesterday HUD will  no longer accept any more sets of figures for this week and due to the VA holiday.   This mandate will stay in place because these closings are still with MCB and the switch to the three new asset managers still has not taken place and this is for a temporary time only.
Read more

5 Mistakes First-Time Home Buyers Make

Image
First-timers can be eager to jump into home ownership. But real estate experts say they see them committing the same mistakes, time and time again. Here are some of the most common ones, as identified by experts in a recent CNBC article: Read Article 1. They’re unprepared to compete against all-cash offers. 2. They place a car ahead of the home. 3. They place too much emphasis on online loan information. 4. They bank too much on online home values. 5. They forgo the home inspection. 
Read more

Large single family home sales report in Willow Creek jan 2006 to june 2008

Willow Creek in Centennial is a large subdivision of more than 1800 homes. The homes in willow creek vary widely form one area to another, and are subdivided into multiple HOA's. Determining the value of a home in WC is more of an art than a science, since the homes vary from, Townhomes, to Patio homes, to single family homes with an attached garage. In order to come up with a reasonable idea of what your home's value is, we organized our reports into four separate categories: Townhomes, Patio homes with a detached garage, Single family homes smaller than 2400 sq feet, and larger single family homes over 2400 (above ground) sq feet. This report is for homes larger than 2400 Square feet in Centennial, Willow Creek Date Avg sale price ($) Avg days on market Avg $/SqFeet Homes Sold Jan-Jun 2006 415K 46 162 8 Jul-Dec 2006 425K 68 166 19 Jan-Jun 2007 435K 54 162 8 Jul-Dec 2007 443K 100 168 13 Jan-Jun 2008 449K 136 167 6 Data is from the MLS and includes sold listings by all particip...
Read more

Centennial - Piney Creek January to March 2008 single family home sales report

7 residential closings up 700% over the same period in 2007. Absorption Rate is ok at 9.0 months. Its not possible to determine any kind of trend since the first three months of 2007 only saw one sale. but it is very encouraging that the sales are off the roof during the same period in 08. Also checkout the average sales price. Jan - March 2007 Jan - March 2008 % Change # of sales closed 1 7 700% # of sales Closed - YTD 1 7 700% Avg Days on Market 229 136 -59% # of Active Listings - 21 - Absorption Rate (months) - 9.0 - Average $ per SqFt 105 148 141% Average Price (Sold) 406,800 622,314 153% Click here for active homes for sale in Piney Creek Absorption Rate Definition Disclaimer - the information and commentary provided in this Blog are opinions of Homes And People and should be used for informational purposes only. All sales data is from the MLS and the information is deemed reliable but not guaranteed.
Read more