Here is what we did for one of our customers
Here is an example of a St. Clair Shores home that we just brought as a model.
| Home Purchase Price: | $28,000 |
| Repairs and Home Improvements: | $31,575 |
| Total Investment in Home: | $59,575 |
| Appraised Value: | $71,800 |
| You Made in Equity: | $12,225 |
| First Time Home Buyer? | |
| Tax Credit: | $8,500 |
| Value increase over 3 years: | |
| 3 years at 2% per year: | $4,308 |
| Additional: | $12,808 |
| PROFIT: | $25,033 |
How did we do it?
We found a house that was on the market for a long time and we made an offer. We took 3 weeks to do the repairs and they were ready to move in.
We are buying a bank owned home that the bank just wants to get off its balance sheets (or books). So most of these homes are discounted.
Most of these homes need work, and to most people it looks like a lot of work. But to us and our sister company, Property Restoration LLC, it's simple.
We go out, make an inspection and give you quotes so you know what you are getting into before you make an offer and commit to anything.
We have found that the more work a home needs, the more the bank discounts the home. The larger the discount, the more you make.
"How do I get the money to buy the house and fix it up?"
Get the answer!
