Another Flipping Success in DC Market!

By
Real Estate Sales Representative with Keller Williams Realty

It's always exciting to talk about your investors' successes - we had one this week...we found a great little house for $48,000 at 355 Manassas Dr, Manassas for one of our investors. They paid cash, spent $30,000 fixing it up with repairs like new paint inside and out, new flooring, new kitchen, and more. We listed it for sale 45 days after purchase for $138,000 (priced consistent with current market analysis) and we received 5 strong offers in 3 days. It is now selling for $165,000.

That's a profit of of over $80,000.

  355 Manassas Dr, Manassas, VA BEFORE

 355 Manassas Dr, Manassas, VA AFTER

Comments (1)

Peggy Duffy
The Bailey Team Real Estate - Chantilly, VA

Congratulations on this success. Have you heard anything lately about lenders now requiring sellers to hold property for 6 months before they will fund the loan?

Sep 06, 2009 07:46 AM