I recently helped a customer of mine pick up 2 bank owned properties in the Orlando area. These are his first investment properties and with my help as a Realtor and General Contractor he decided to take the plunge.
The first one is a great house in Northwest Orlando. The home was in a generally really good condition, however the previous owner decided the bathrooms and kitchen were two nice to leave behind. This great home is over 1500 sq ft, 3 generously sized bedrooms, 2 bathrooms, screened in pool and 1/4 acre yard. The A/C units are only a few years old and the bones in great condition according to the inspector. I found this gem and negotiated an amazing deal for him.
This week he will be installing new bathrooms and kitchen (with all stainless steel appliance) as well as having the house overhauled with new flooring, fresh paint inside, pool & patio cleaning, new light fixtures installed and landscaping. The property should be ready in a few weeks for purchase.
For more information on this property or to purchase orlando investment property please send me an email at Heather@HeatherTheRealtor.com
Heather Joubran, GRI, NRBA, CLHMS, CDPE
RE/MAX Central Realty
www.HeatherTheRealtor.com (407) 810-6304
Specializing in First Time Home Buyers, Short Sales, Bank Owned Real Estate, REO & Foreclosure Properties
Servicing Real Estate Needs in: Lake Mary, Longwood, Winter Springs, Sanford, Altamonte Springs, Oviedo, Orlando, Downtown Orlando, Thornton Park, College Park, Winter Park, Maitland, Windermere, UCF, Lake Nona, Baldwin Park, Apopka, Ocoee & Winter Garden
Heather,
I would not be surprised to know that he bought 2 homes basically for the price of one, if you take prices of 2005. Maybe even better.
Great time to buy. Good luck with investors
Hey Heather, on a side note- congratulations on being featured by the Orlando Sentinel on that article regarding condo prices in Central Florida. It's news we all need to know!
Gerry Suarez, Jr.
Your FHA Loan Pro!