Over at the Alexander property, things are chugging along a little slower. We ran into some financing issues which caused us to divert from the original game plan, but we are finally back on track and can see the light! We don’t plan to flip this particular house like we normally do, we plan on doing a “cash-out refi” and keeping it longer. Most likely we’ll hold it for 4 or 5 years and sell it when the market turns for a larger profit margin. It looks like after all renovations are complete, the house will appraise for close to 170k. Nice! Bring it on Armando Montelongo…
Del.icio.us
Facebook
