Looking for a quick flip opportunity to start this year’s real estate season? This split level home is less than 10 years old and only needs basic updates to bring it up to market value for the neighborhood. Carpet, paint and some minor repairs will have this ready to list or sell yourself. Put in a week’s work and cash in on Columbia’s seller’s market this year. Contact Ron today for more details.
Equity: $132,000 current AS-IS value – $116,000 = $16,000
Repairs: Carpet, Paint, Minor repairs in/out = $6,150
After Repair Value: $152,000
PROFIT: $152,000 – $122,150 – $9,100 (6% closing costs) = $20,750
(NOTE: I Buy Mid-MO Houses is marketing a contract to purchase this property and is not the current owner)