Refurbishment properties in Buffalo

I love em!

150% increase in value after the refurbishment! that's quite a statement to make!

However, there are two main factors for this:

1. Mortgages for properties under $50,000 are almost non-existant
2. Mortgages for refurbishment properties are non-existant.

Both these factors alone drives the price down to the bottom. The only people left to buy are the truly cash rich individuals and this means that absolute bargain properties are their for the taking.

Take this example:
Property purchased for $20,000
Recently assessed at $35,000
Refurbished by us for $12,500

Re-assessed at $50,000

Increase in capital value of 150% on purchase price
OR 35% increase if you include your refurb costs.

If you decided to flip the property, you could turn a quick profit of $17,500 (less legals.) Then do it all over again and again!

I find properties for my clients like this on a regular basis, check this one out here