Real Estate Wholesaling Made Simple

I have decided to take people piece by piece dollar for dollar what gos into flipping some of the latest properties that I am taking on. I just closed on this home yesterday. It was brought to me by another investor who already had to many properties he had spotted one of my signs available at www.TheForeclosureCollege.com (talk about a good return on investment) Its a 3 bed 1 bath home with a c-1 commercial building attached, the problem is that there is no parking except in the street.

I think I should be able to flip the home for about 65k I bought it for around $17,700 plus finders fee of $1000 so $18,700. The home should rent for $600-$650 when its done, I will post some pictures of what I am starting with, and I will continually post what I have spent and work that I have done.

I am hoping that this helps out some of the newer investors get an idea of prices and pains that go into rehabs.

This is the Commercial store front that they had turned into a efficiency, which lead to it getting condemned, not smart. I found a drawer full of 2000 depacote, which is like lithium, a drug for bipolars, so from this we know that someone is not on there meds.

This is a photo of the basement, can you say “small hording problem”

I love this sign if you cant read it, Next to the numerous wholes that people punched into the wall it says “Please, Keep House Clean! Thnx, The Maid-Bitch Ninja”

I find this very interesting because typical graffiti does not contain commas, yet the ninja decided to use one. plus keep the house clean seems a bit out of place.

I wish she would have said dont punch holes in the walls.

Anyway to get this whole house cleaned out inlcuding appliances, doors, carpets, and all belongings came to $350. I will keep you posted.

****Warning***** Never open a fridge that has not been opened for over 6 months, you will wish you were dead

To get involved in real estate using my proven system visit www.TheForeclosureCollege.com