I’ve always wanted to say that! Really though, we have all seen the dozens of TV shows where houses are bought under market value. The Buyers put “sweat equity” into the rehab to save money and then they have two options, sell it for profit or rent for cash flow.
I have two properties in North Ft. Myers that could work for these scenarios. I have started the rehabs on both but need to sell to move to a larger project.
The second is a 3 bedroom, 3 bathroom, in-ground vinyl pool house near a high school and swim club. This house needs about $20,000 in rehab and a possible profit of 15% or higher,
Both are under $90,000, as a matter of fact, one is under $60,000. (The more work I put in, the higher the price.) The predicted profit is dependent on how much is spent on rehab and if you can sell under market value. A lot of sweat equity, keeping costs to a minimum and deciding to hold or sell will all affect the profit. The profit figures are not guaranteed. Your planning and rehab decisions will affect your profit. We are in a sellers’ market, take advantage of it to flip these houses.
Make an appointment to see these houses now! Houses under $100,000 are getting harder and harder to find in Fort Myers.
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC