xxxxAt this point in the process nine to twelve hours of time and about $700 in inspections fees will have been invested. However, a thorough understanding of issues, challenges and costs aid in negotiating a price which will help insure a respectable profit. After the inspections, we meet with the various tradesman to obtain work quotes. xxxxBefore making a final offer, we know the cost of repairs and updates. This step translates into an addition eight hours of time. Once we have a thorough understanding of the updates and repairs, along with the costs of materials and labor, we research the recently sold properties of comparable homes on the street and immediate area. We know in advance the likely future sale price and the cost of materials and labor. Our goal is to purchase the property at 42% to 65% of the after repaired value.
Buy - Fix - Sell
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We buy properties to
Fix, update and re-sell
for large profits.
We are constantly seeking the best and most profitable buying opportunities. You don't need to be a contractor, tradesman or realtor. You are invited to join us.
Just about anyone can call a realtor and buy a house. However, properly evaluating the property to insure maximum profits and avoiding a "Money Pit" requires work and experience.
You don't need to tie up all of your time and money. There's a better solution; joint us.
20% of a watermelon is better than 100% of a grape!
Let our experienced team
work for you.
Join us.
Properties purchased with intent to repair, update and re-sell are treated slightly different than “Tax Sale” properties.
From a rehabber’s perspective, the most time consuming and important part of the process is finding the right house and negotiating the right price.
It can easily take three to six hours to properly evaluate a property just to determine if it’s worth conducting additional pre-purchase inspections.
If the property looks promising, the preliminary work is just beginning. Before the final offer amount is established, we conduct two separate inspections. One to identify building code violations and required repairs, and the other to determine the extent of necessary cosmetic updates to add value and appeal. Not only are inspections time consuming, they’re expensive. Worst of all, the inspections must be performed before making the final offer and before knowing if the seller will accept our offer.
At this point in the process nine to twelve hours of time and about $700 in inspections fees will have been invested.
However, a thorough understanding of issues, challenges and costs aid in negotiating a price which will help insure a respectable profit.
After the inspections, we meet with the various tradesman to obtain work quotes.
Before making a final offer, we know the cost of repairs and updates. This step translates into an addition eight hours of time. Once we have a thorough understanding of the updates and repairs, along with the costs of materials and labor, we research the recently sold properties of comparable homes on the street and immediate area. At this point we know the likely future sale price and the cost of materials and labor. Our goal is to purchase the property at 42% to 65% of the after repaired value.
Buy - Fix - Sell
To Property Details
Click here to View PDF of
Recently Completed Property
Property Redemption Services makes finding the right project easy.
PRS has a list of pre-screened properties in which to invest.
You may buy the property in full or joint venture with others.
The team of tradesmen to perform repairs and renovations is already in place.
Remember – "It’s not how hard you work that counts, it’s how smart you work."
Join Property Redemption Services, it’s the smart choice.
xxxxProperties purchased with intent to; repair, update and re-sell are treated slightly different than “Tax Sale” properties. From a rehabber’s perspective, the most time consuming and important part of the process is finding the right house and negotiating the right price. xxxxIt can easily take three to six hours to properly evaluate a property just to determine if it’s worth conducting additional pre-purchase inspections. If the property looks promising, the preliminary work is just beginning. Before the final offer amount is established, we conduct two separate inspections. One to identify building code violations and required repairs, and the other to determine the extent of necessary cosmetic updates to add value and appeal. Not only are inspections time consuming, they’re expensive. Worst of all, the inspections must be performed before making the final offer and before knowing if the seller will accept our offer.