If you are looking for a reputable contractor to remodel, add new floor space, renovate or repair your home, Please call us for a free quote.
We offer:
+ Kitchen Remodeling (Cabinets, Countertops, and Appliances)
+ Layout design and 3d images of layouts provided
+ Bathroom Remodeling (New shower installations, bathtubs, toilets, custom stone installations)
+ Exterior and Interior Quality Painting Services
+ Drywall repair, texturing, and removal of popcorn
+ Home Additions, Garage Additions, Patio Additions
+ We can also provide 4-6 week turn around time for enclosing patios, and carports
Want to flip a foreclosure?? We can Help!!!
With the current state of the housing market and the high amount of foreclosed homes available, you may be looking to remodel a foreclosed home. Before you get too enmeshed in the investment, you probably want to have a clear understanding of what you’re undertaking.
Make sure the property is completely yours. Before you even make an offer on a foreclosure, you want to be well-researched on the laws of your state. In some cases, the previous owner is allowed to repurchase the home even after you’ve already paid for it. All they have to do is come up with the amount you paid plus interest within the redemption period. Be sure not to invest any money on improvements until you are safely clear of this time-frame.
How to obtain financing. As long as your credit and income are strong, most lenders are more than happy to finance a renovation project on a previous foreclosure. The original holder of the note would probably be thrilled to have a qualified borrower take over the project and may extend a loan to you. There are also two different government insured loans available for rehabilitation projects. You can get the 203K Loan if you are an owner-occupant of a single-family dwelling; and this loan includes enough for the necessary repairs. The other option is the FHA Title 1 Loan which is only up to the amount of $25,000, and you must be able to match that amount with your own money or equity.
Don’t get in over your head. There are definitely plenty of “great deals” out there for the resourceful investor. However, there are a few potentially costly mistakes you need to carefully avoid in order to capitalize on that “steal.” Be sure to have a solid figure in mind ahead of time as to the cost of the project. Location is always an important consideration in real estate purchases; be sure the neighborhood will support your effort. Have a realistic projection of the time needed to complete your project. If you are borrowing money, time is interest; and the longer your project takes, the less money you are going to make. Have your project well organized, and choosing us to manage the construction process will ensure your project will be completed as planned.
As with buying any fixer-upper, you have the potential to build equity quickly just by some smart investing and remodeling. Buying and renovating a foreclosure is no different, and can potentially become even more of a prosperous venture than normal.
Make sure the property is completely yours. Before you even make an offer on a foreclosure, you want to be well-researched on the laws of your state. In some cases, the previous owner is allowed to repurchase the home even after you’ve already paid for it. All they have to do is come up with the amount you paid plus interest within the redemption period. Be sure not to invest any money on improvements until you are safely clear of this time-frame.
How to obtain financing. As long as your credit and income are strong, most lenders are more than happy to finance a renovation project on a previous foreclosure. The original holder of the note would probably be thrilled to have a qualified borrower take over the project and may extend a loan to you. There are also two different government insured loans available for rehabilitation projects. You can get the 203K Loan if you are an owner-occupant of a single-family dwelling; and this loan includes enough for the necessary repairs. The other option is the FHA Title 1 Loan which is only up to the amount of $25,000, and you must be able to match that amount with your own money or equity.
Don’t get in over your head. There are definitely plenty of “great deals” out there for the resourceful investor. However, there are a few potentially costly mistakes you need to carefully avoid in order to capitalize on that “steal.” Be sure to have a solid figure in mind ahead of time as to the cost of the project. Location is always an important consideration in real estate purchases; be sure the neighborhood will support your effort. Have a realistic projection of the time needed to complete your project. If you are borrowing money, time is interest; and the longer your project takes, the less money you are going to make. Have your project well organized, and choosing us to manage the construction process will ensure your project will be completed as planned.
As with buying any fixer-upper, you have the potential to build equity quickly just by some smart investing and remodeling. Buying and renovating a foreclosure is no different, and can potentially become even more of a prosperous venture than normal.
This was our official 2nd Toy Drive For the Baby DJ FUND!!!
This was our 2nd Christmas Toy Drive that we held at Citrus Restuarant, and we donated our toys again to Johnny from the XL106.7 morning show. This picture was taken at last years donation. We wanted to thank everybody for your generous donations, and hopefully our third Toy Drive will be even better.
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