Bradenton FL Flip- looking for JV partners or Private Lenders

14 Replies

Price $150,000
Location 2410 20th Ave W, Bradenton , FL, 34205
Property Details

Single Family Residence

  • Current Rent: $0
  • Square Footage: 2015
  • Bedrooms: 4
  • Bathrooms: 2.0
  • Occupied: No
  • Lot Size:

Purchase Price-  $150,000

Rehab- $ 33,000

ARV- $250,000

Comps


1805 28TH ST W, BRADENTON, FL 34205 $247,000

3 bed / 2 bath1,772 sq ftSold 11/02/17

2705 OXFORD DR W, BRADENTON, FL 34205 $232,000

3 bed / 2 bath1,577 sq ftSold 12/18/17

2211 24TH ST W, BRADENTON, FL 34205 $230,000

3 bed / 2 bath1,740 sq ftSold 12/08/17

2716 27TH AVENUE DR W, BRADENTON, FL 34205 $225,000

3 bed / 2 bath1,650 sq ftSold 01/11/18

1220 26TH ST W, BRADENTON, FL 34205 $223,000

3 bed / 2 bath1,566 sq ft

Property Details

This is a great opportunity to pick up a solid 4 bedroom and 2 bathroom house in a hot area. Prices in the area continue to rise as more properties get rehabbed. Property needs a new roof, exterior paint and then mostly just updating of the interior. 

Flip Rehab Details Grounds Driveway/Patio

$500.00

Lawn/Mulch beds

$500.00

Interior

Hardwood flooring

$5,000.00

Kitchen cabinets

$3,500.00

Kitchen countertops

$3,000.00

Kitchen appliances

$1,500.00

Bathroom vanity

$1,500.00

Bathroom countertops

$1,500.00

Closet/Interior doors

$1,250.00

Light fixtures/Outlets

$750.00

Exterior

Roof

$10,000.00

Exterior Paint

$1,500.00

Systems

Inside Air Handler

$3,000.00

I’m in the process of waiting for an appraisal report and inspections to come back on a property.

The initial purchase price on this one is $55,000.

I‘m expecting rehab to be $30,000-$40,000 - well see what the rehab bid comes back after I send the contractor the inspection report and pest report.

I‘m expecting the appraisal to be around $150,000- but we’ll see when it comes back.

Let me know if you’d be interested in being a lender and I’ll send you the reports with updated numbers when I receive them!

I just purchased a property at 2014 graham st in Daytona beach. The ARV appraisal is 195k and I purchased the property for 98k. Rehab is going to be 41-45k depending on how the ac unit checks out.

Generally I’ll use cash to purchase properties that Need to close quickly and then refinance that cash out with a JV lender to have it available for the next property. On this I could either cover the rehab if you want to cover the 98k or if you want you could cover the rehab and I’ll keep my 98k in the property- either way is fine with me. I can send you the appraisal report and rehab bid if you like- just send me your email address. I’ve got a couple other properties like this and generally tie up 2-5 properties a month if You’re looking for more deals.

Have new property in Tampa area. Looking for JV partner or lender- would consider wholesaling for 82k net.

Purchase Price- 77k 

Rehab - $9,650 ( have bid)

ARV- $123,500 ( have appraisal)

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