Getting a property ready to sell after it's been rented takes different tactics to get the most lift for a property. As you can view in this video we are adding luxury vinyl flooring to this whole home. It creates a more open floor plan and gets the property looking more modern and updated. Before we did this we had never changed the flooring because it was a rental and the property was getting great tenants and top leases. This property generated a lot of net profits in the lease and now the investor wants to cash out on their very good equity..... Need to build your portfolio and retire? Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me. Notes on Projected Profit : This property was leased for basically 3 Years and netted over Approx $30,000 in lease profit. This property was purchased and rehabbed for under $80,000 Second Rehab after the first tenant was $5,000 for a total of Approx $85,000The property is worth Approx $175,000 After Rehab. That is a $90,000 Equity position + $30,000 in rental income over the time this client has owned it.Do the numbers
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Thank you