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BEFORE
AFTER
October 05, 2009
LOCATION: Charlotte, North Carolina
PURCHASE PRICE: $175,000
INVESTED: $34,000
SOLD: $289,000
PROFIT: $80,000
DAYS ON MARKET: 78 days
The secret to making this flip work was location, location, location. I have now done 27 "fix and flips" in Charlotte and have found that if you are in the right area of town it is hard to lose if you make the right changes to improve the property.
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BEFORE
AFTER
September 11, 2009
LOCATION: Salisbury, Maryland
PURCHASE PRICE: $128,000
INVESTED: $18,000
SOLD: $199,000
PROFIT: $53,000
DAYS ON MARKET: 8 days
This house was not in bad shape but it took a little patience to buy it. We bought it from the bank in a short sale and the whole process took about 5 months.
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BEFORE
AFTER
August 27, 2009
LOCATION: New Braunfels, Texas
PURCHASE PRICE: $149,000
INVESTED: $28,000
SOLD: $214,000
PROFIT: $37,000
DAYS ON MARKET: 85 days
When we bought this house we thought it would be a real good rental. But as we were renovating it, we had three or four people stop by interested in buying it.
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BEFORE
AFTER
July 20, 2009
LOCATION: Indianapolis, Indiana
PURCHASE PRICE: $67,000
INVESTED: $23,000
SOLD: $109,000
PROFIT: $19,000
DAYS ON MARKET: 64 days
This house had a great big lot and a lot of sqaure footage for the price. We redid the siding and got some curb appeal back to the house.
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BEFORE
AFTER
May 21, 2009
LOCATION: Fresno, California
PURCHASE PRICE: $210,000
INVESTED: $46,000
SOLD: $319,000
PROFIT: $44,000
DAYS ON MARKET: 74 days
It took me 4 months to purchase this house from the bank. The neighbors loved us
as the house was a real eyesore to the area and as you can see it looks really
good on the outside now.
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BEFORE
AFTER
May 06, 2009
LOCATION: Portland, Maine
PURCHASE PRICE: $234,000
INVESTED: $61,000
SOLD: $391,000
PROFIT: $96,000
DAYS ON MARKET: 45 days
Myself and my partner bought this house because it had a lot of "area charm" as
they say.
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