FIX-AND-FLIP
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Fix and flip is the strategy of purchasing a property, renovating it, then selling it at a profit. Investors typically buy a property at a discount because of its condition. It might have lapsed into disrepair due to abandonment or because the current owner couldn’t pay for the upkeep. Sometimes the property needs only some aesthetic updating but, more frequently, it requires major renovations. In some cases, it might not be legal to occupy the house until the investors can prove that they made certain repairs. After the investors fix up the property, the next step is to sell it as quickly as possible and at as much of a profit as possible.
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Hi, I'm Bill Byrd, RE/Max Gold Real Estate Investment Agent, and I specialize in supporting investors to transact successful flips. I am certified in many areas of distressed real estate as well as am a top 1,000 nationwide real estate agent with RE/Max Gold, America's #1 real estate firm. My goal is to partner with you to buy and sell your investment property as expeditiously as possible. and anyone who knows this business as well as I do, knows that it is important to partner with people like myself who have the inside track and resources to finds fixes and sell flips quickly.
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RECENT FLIPS
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4 bedrooms | 2 bathrooms
Purchased in 2016, and sold in September 2020. Unique Mid-Century Modern remodeled home in the award-winning Miller Creek School District (Formally Dixie). Open floor plan, vaulted ceilings, skylights, larger kitchen with marble counters, stainless appliances, light oak hardwood engineered floor throughout home, large bedrooms, large patio with access thru multiple sliders adding to the indoor-outdoor feel of the home. Home features two multipurpose rooms that can be used as office, bedrooms, kids' study room or playroom, etc. Fully manicured yard with pool and second patio. Finished garage.
PP: $879,000 | ARV: $1,031,000 SOLD: $1,571,000 - 6 days
3 bedrooms | 2 bathrooms
Purchased in May 2020, and sold in August 2020. Majorly Stunning Studs Up Remodeled home filled with amazing natural sunlight. Open floor plan, featuring a gorgeous 100% new kitchen with soft close cabinets, new counters, new stainless appliances. New bathrooms, heater, ac, engineered flooring throughout, driveway, roof and more.
PP: $525,000 | ARV: $677,000 SOLD: $829,000 - 6 days
2 bedrooms | 1-1/2 bathrooms
Purchased in 2017, and sold in August 2020. Tastefully updated redwood craftsman cottage nestled in the redwood trees of the Russian River area offering privacy, tranquility & just inspiring craftsmanship.
PP: $249,700 | ARV: $399,000 SOLD: $603,000 - 3 days
WHERE I FIND FIXERS
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making mortgage payments by forcing the sale of the asset used as the collateral for the loan. The lender just wants their money and is often willing to take a deal to get rid of the problem.
Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. The lender just wants their money and is often willing to take a deal to get rid of the home expense.
ABOUT BILL
TOP 1000 AGENT NATIONWIDE
SFR 2011 CERTIFICATION
Short Sales and Foreclosure Resource
A home is in pre-foreclosure if a homeowner is more than 90 days late on the mortgage payments and the bank has begun the foreclosure process. In order to protect their equity, home owners "may" take a deal to cut out of their property due to stress; however, the deal is usually not as sweet as we would like for a flip.
Probate assets are any assets that are owned solely by the decedent. This can include the following: Real property that is titled solely in the decedent's name or held as a tenant in common. Sometimes the heirs of a real estate property do not want to deal with the estate, and they want out - so they will take a big price reduction.
BPOR 2011 CERTIFICATION
Broker Price Opinion Resource with The National Association of Realtors
REO + P&E CERTIFICATION
Distressed Property - Real Estate Owned (REO) and Probate & Estate
WHAT MY CLIENTS THINK
" Bill is very knowledgeable with the markets I work in. He has impressive skills negotiating a deal and follows through with all the details. We did 11 transactions together in purchase and sale last year with ease through all of them. "
" There is nothing like working with someone who understands what we do. Bill finds the fixes, and then helps us flip. He has an outstanding network of references for any bind we may find ourselves in. He is a rockstar. "
" Honestly, we thought we could get licensed and do it on our own. After working with Bill, I think we should leave it to the pros. He turned our properties in less than 25 days - amazing speed and viable great buyers with multiple offers! "
ERIC - 5 Stars
ANGELA - 5 Stars
PAUL & SUSAN - 5 Stars