Archive for August, 2009

Purchase at deep discount - Renovate - Sell at Profit

Friday, August 21st, 2009
PERFORMANCE HISTORY (public record at www.bcpa.net)
PROPERTY

BOUGHT

SOLD
20428 NW 33 Ave, Miami Gardens

3/15/2009

$65,500

8/8/2009

$160,000

view public record
6860 Kimberly Blvd, N Lauderdale

5/20/2009

$90,000

7/1/2009

$189,000

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1960 SW 48th Ave, Hollywood

3/10/2009

$58,000

5/23/2009

$132,500

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1161 SW 87 Ave. Pembroke Pines

12/15/2008

$95,000

5/1/2009

$180,000

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6309 NW 74 Ave. Tamarac

9/15/2008

$77,900

5/1/2009

$107,000

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231 NE 51 Ct. Oakland Park

1/9/2009

$100,000

5/1/2009

$157,000

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14055 NW 22 Ct Pembroke Pines

7/15/2008

$355,000

4/17/2009

$420,000

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2812 Sunshine Blvd. Miramar

11/11/2008

$68,000

4/28/2009

$145,000

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9273 NW 49 Pl. Sunrise

10/10/2008

$85,000

1/29/2009

$159,500

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3801 NW 4 Pl. Lauderhill

9/11/2008

$76,000

2/19/2009

$140,000

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3910 SW 60th Ave Davie

10/10/2008

$75,000

1/14/2009

$175,000

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1400 S 28th Ave Hollywood

8/7/2008

$96,000

1/8/2009

$169,000

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6030 SW 34th St. Miramar

8/15/2008

$85,000

2/6/2009

$178,500

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6641 NW 8th Ct. Pompano Beach

8/13/2008

$95,000

10/17/2008

$185,000

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6741 Azalia Dr. Miramar

8/22/2008

$110,000

11/14/2008

$181,000

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7408 NW 79 St. Tamarac

6/28/2007

$176,000

1/3/2008

$264,600

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7795 Miramar Pkwy. Miramar

4/10/2007

$207,000

11/28/2007

$269,000

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Basic investment criteria:
We look for homes between $70k and $120k.
The most active resale market is between $120k and $200k.
The homes we acquire are at least 50% below market value based on comparable home sales in the area.