My name is Benjamin Shoemaker, and I buy, fix, and flip one house a month here in CT. Right now I have more projects going than I can handle. In fact I have a contract on a house that I got for less than 50% of market value. My plan was to rehab it and sell if for two to three times what I paid but… because I can’t take on another project right now I am willing to pass on this incredible deal and let you take this property off my hands. I simply can’t take on another rehab right now. Let me tell you a little about it and I think you’ll agree that this really is a great opportunity.
This investment property is located at 16 Plank Lane, Glastonbury, CT on a hair less than an acre of land. Plank Lane is a quiet cul-de-sac street located just off of Hebron Avenue, and the property is located within the highly nationally acclaimed Hebron Avenue School district. The house is a 2,450 square foot, colonial style home. This house is modern, updated in 1985, and features vinyl siding, architectural shingle roofing, a concrete foundation, “Pella” brand wood insulated windows with vinyl clad exteriors, two covered porches one in the front and one in the rear, a large deck for entertaining in the rear, and an inground vinyl-lined pool with pool house. The interior has 9 rooms, 5 bedrooms, and 2.5 baths. The flooring is mixture of hardwood, carpeting, and ceramic tile in the kitchen and baths. The walls are sheetrock, with several types of moldings throughout the house. The house has an oil fired “Burnham” brand boiler and modern copper plumbed hot water baseboard heating system with multiple zones. The electrical service is 200 amps. The house has private well water and septic sanitation systems which are common to the area as public water and sewer are not available.
I am offering to transfer my contract on this property to anyone willing to pay $199,900. The investment deal is a short sale, and was previously approved at $205,000 but that deal fell apart. Because it was so recently approved I feel very confident that it will be quickly approved again. The appraisal done for that previous buyer estimated the value of the property to be $335,000. That means there is more than $135,000 in equity in this deal.
This property needs primarily cosmetic improvements and renovations in the kitchens and baths. It appears as though the homeowner did most of the finished work on the home, and it is of sub-standard quality. My budget for the renovations on this property is $40,000 and includes combing two of the upstairs bedrooms into one, and expanding the remaining bedroom to increase the size of those rooms. These rooms are currently too small for the market and price of this house. The remaining improvements are focused
on redesigning the kitchen and bathrooms, and re-installing new flooring, and new paint and trim throughout the house. This is modest scope of work that I am confident many first time investors can handle with ease and turn out a really great profit.
So since you’re still here then I would be willing to bet that this is just the kind of opportunity you’ve been looking for. Let me tell you this, I’ve been in real estate for almost a decade and from what I’ve seen there isn’t that much that separates those who succeed from those that fail. This isn’t rocket science for crying out loud. Just take an ugly old house that somebody neglected and make it shinny and new again. Hey look, If those folks on those TV shows like “Flip That House” and “Sell This Fast” can do it then so can you.
I’ll even show you how to do it, step by step, if you want me to. I’ll give you all my design ideas, hook you up with my private lenders, and send my contractors your way. I’ll even show you exactly what real comparable homes are selling for in the immediate neighborhood, taken from the real Multiple Listing Service, picked by real professionals.
And if that still isn’t secure enough for you then I guess I can just make you an investor partner in this project. Then you’ll get to see first-hand how I fix and flip a house, all the while earning a nice return on your investment. It’s like getting paid to learn!
Just head on over to my website and you can check it out for yourself. You have nothing to lose, and everything to gain if all that I have said proves to be true. Go ahead, do it now… that silly video of that dog that woofs “I love you” will be around for a while, but this deal won’t last.