Rehabbed Properties
Rehab Projects and Flipping
One investment vehicle that the Monte Davis Realty Group Corp investment team recommends is short term, low risk, and high return home remodeling (rehab) projects and immediate property sale (flipping). Monte Davis Realty Group Corp has successfully remodeled and flipped more the 75 homes in the Austin area . We have an established an efficient turn-key process that works. From acquiring the loans for the purchase, rehab financing, contracting, final staging and marketing for sale, Davis Investment has a successful built in system that has been tested over time.
Here are some basic ways that the Monte Davis Realty Group Corp will assist you in succeeding in a renovation and flip:
Find You the Right Deal
We make a consistent effort to locate properties that are within your price range and the best deal for your investment. We have our fingers on the pulse of the Austin MLS listings so that you don't have to.
The Monte Davis Realty Group Corp attends monthly foreclosure auctions and has a vast network of referrals of non-marketed properties to keep you connected.
We know the best properties to buy in the most desirable areas in Austin for investing because we keep on top of the market. Through experience we know what kind of features and upgrades are the most important investments to buyers in that specific area so that you will be well positioned when you resell.
Help Estimate the Repairs
Keep in mind that typical renovations come in most of the time over budget. The Davis Investment team will not only help you accurately estimate your costs but recommend able and trust worthy contractors to do it. We do not do lipstick remodels. Our work is well known in the community for outstanding workmanship. And our track record shows.
Assist You In Finding Initial Money For Your Investment
Monte Davis Realty Group Corp will refer you to trusted lenders that will help you reach your bottom line goal and land the funding you need to close on investment properties. We will also partner with you and the lender if needed.?
Get Contractors in Place
Monte Davis Realty Group Corp is also closely associated with teams of contractors that will get to work as soon as you sign on your property. We understand that time is money. Our contractors are partners as well on the property and have a commitment to your success and higher returns.
Manage the Renovation
Managing every step of the way is a full time job. We realize that you have other investments, possibly a career and a lifestyle. That is why the Monte Davis Realty Group Corp is here. We will assist you in managing your investment property through the renovation all the way to the flip.
Market and Sell Your Property
Our trained staff of professionals will help manage the process all the way through your final sale in order to assure that you obtain your investment funds in pocket as smoothly as possible.
If you, as an investor, are interested in this opportunity please register your interest with the Davis Investment team soon as possible so that we can discuss our in house turn-key program at length. The purpose of your registration is so that you will be ready to begin the investment process as soon as the next opportunity arises.
ADDRESS: 1608 ASTOR PLACE
Purchase Date:06/03/2009
Purchase Price: $135,000
Rehab Cost: $28,235
List Price: $195,000
Sales Price: $205,000
Closing Date: 10/09/2009
Closing Cost: $22,521
Profit: $22,784
ROI: 69%
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Address:1610 Astor
Purchase Date:04/21/09
�Purchase Price: $116,000
Rehab Cost: $51,000
List Price: $215,000
Sales Price: $205,000
Closing Date: 10/10/2009
Closing Cost: $16,400
Profit: $27,818
ROI� 61%
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Address:1118 Eleanor
Purchase Date:10/23/2008
Purchase Price: $68,000
Rehab Cost: $20,000
List Price: $129,000
Sales Price: $133,000
Closing Date: 05/14/2009
Closing Cost: $5,592
Profit: $39,408
ROI 46%
Address: 1210 Harvey
Purchase date: 09/17/04
Purchase Price: $90,000
Rehab cost: $32,000
List Price: $179,900
Sales Price: $169,000
Closing Date: 04/05/05
Closing cost: $6760
Profit: $40,240
ROI� 101%
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Address: 1400/1402 Harvey
Duplex converted to condos
Purchase date: 04/05/05
Purchase Price: $90,000
Rehab cost: $115,700
List Price: $194,000 and $169,000
Sales Price: $186,000 and $169,000
Closing Date: 06/06/07 and 04/25/07
Closing cost: Total $14,780
Profit:$134,520
ROI 86%
Address 7305 Barcelona
Purchase date: 07/11/06
Purchase Price: $126,000
Rehab cost: $11,780
List Price: $179,900
Sales Price: $178,000
Closing Date: 05/25/07
Closing cost: $7329
Profit: $32,891
ROI:81%
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Address: 6021 Belfast
Purchase date: 03/03/06
Purchase Price: $133,250
Rehab cost: $57,000
List Price: $259,000
Sales Price: $250,000
Closing Date: 04/16/07
Closing cost: $17,500
Profit: $42,250
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Address: 6101 Belfast Dr 78723
Purchase date: 10/31/06
Purchase Price: $159,000
Rehab cost: $49,000
List Price: $250,000
Sales Price: $255,250
Closing Date: 05/17/07
Closing cost: $15,226
Profit: $32,024
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Address: 3211 Bengston Str. 78702
Purchase date: 02/11/08
Purchase Price: $128,000
Rehab cost: $15,000
List Price: $174,000
Sales Price: $172,000
Closing Date: 07/02/08
Closing cost: $11,448
Profit: $17,552
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Address: 6902 Burnell Drive 78723
Purchase date: 02/08/06
Purchase Price: $75,000
Rehab cost: $22,600
List Price: $154,000
Sales Price: $157,720
Closing Date: 09/22/06
Closing cost: $11,040
Profit: $49,080
�ROI: 49%
Address: 2516 Carlow Dr 78745
Purchase date: 03/02/07
Purchase Price: $115,000
Rehab cost: $13,675
List Price: $162,900
Sales Price: $162,900
Closing Date: 05/22/07
Closing cost: $7244
Profit: $39,980
Address: 5905 Cherry Loop 78745
Purchase date: 05/31/07
Purchase Price: $110,000
Rehab cost: $9,000
List Price:
Sales Price:
Closing Date:
Closing cost: $ 3600
Profit:
Comments: Purchased for Mark Parson as a buy, rent and flip at a future date. Present market value is $165,000
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Address: 2015 Eaton
Purchase date: 01/26/06
Purchase Price: $78,000
Rehab cost: $ 20,600
List Price: $165,000
Sales Price: $165,000
Closing Date: 10/10/06
Closing cost: $11,500
Profit: $54,900
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3005 Lakeside 78723
Purchase date: 6/23/06
Purchase Price: $96,000
Rehab cost: $21,500
List Price: $175,000
Sales Price: $$169,900
Closing Date: 08/29/07
Closing cost:$10,075
Profit: $42,325
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Address: 1401 South Redondo
Purchase date: 07/05/05
Purchase Price: $62,500
Rehab cost: $28,000
List Price: $138,900
Sales Price: $136,000
Closing Date: 08/08/08
Closing cost: $8560
Profit: $36,940
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Address: 1801 Temple 78721
Purchase date: 04/02/08
Purchase Price: $110,000
Rehab cost:
List Price:$225,000
Sales Price: $219,000
Closing Date: 10/08/08
Closing cost: $15,619
Profit:
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Address: 7108 Twisted Oaks 78745
Purchase date: 07/15/08
Purchase Price: $87,000
Rehab cost: $50,680
List Price:$199,900
Sales Price: $193,000
Closing Date: 12/22/08
Closing cost: $15, 798
Profit: $39,522
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For more information about Austin real estate, contact the Davis Company at 512-473-2444 (office).