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Mark Ferguson's profile image
Mark Ferguson's profile image
Mark Ferguson
  • Flipper/Rehabber
  • from Greeley, CO
  • Member since Mar 12, 2013

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Mark Ferguson's profile image
Mark Ferguson's profile image
Mark Ferguson
  • Flipper/Rehabber
  • from Greeley, CO
  • Member since Mar 12, 2013
Mark Ferguson
  • Flipper/Rehabber
  • Greeley, CO
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Buying & Selling Real Estate

My $800,000 flip is now vacant!

Mark Ferguson
  • Flipper/Rehabber
  • Greeley, CO
Posted

I bought a flip in November of 2015 that had a tenant in the home. I bought it for $535k with an ARV of $845k. The tenant claimed to have a ten year lease that was upheld by the courts after the foreclosure. The Bank sued her twice to get her out with no luck, so I took on the challenge. We agreed to cash for keys in July and she moved out August 1st!

Below is a video of the home. 

https://www.youtube.com/watch?v=UvHLEFYy9EQ

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Russell Brazil's profile image
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Russell Brazil
  • #3 All Forums Contributor
  • Real Estate Agent
  • from Washington, D.C.
  • Member since Oct 20, 2012

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Russell Brazil's profile image
Russell Brazil's profile image
Russell Brazil
  • #3 All Forums Contributor
  • Real Estate Agent
  • from Washington, D.C.
  • Member since Oct 20, 2012
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

This is probably the largest sum someone has paid in a cash for keys scenario. My wife doesnt like when I offer them $500, lol

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