Successful property renovation company looking for new investor

**P.R.S.** · 08-29-2007 09:40 AM

We are a property renovation company located in Illinois. We have flipped over 40 houses in the past 9 months, always making a great profit.

We worked under an investor who would send us to look for properties that were foreclosed or FSBO. We would walk through and provide him with a budget and photos of the property. If he decided he wanted to purchase the property, he would take a loan for the house and the budget for the rehab. We would flip the property and have it on the market within 25 days, 80% of the time closing before the 30th day. After closing, the investor would take the money that he provided to us along with a percentage of the profit. We always made a very nice profit on the properties.

Our investor has since retiring and we are looking for a new investor or business partner.

We have several homes in the area that we have walked through and done research on, some we have done inspections on as well. All homes are under 30,000 with a 10,000-20,000 rehab budget and comps are ranging from 90,000-160,000.

We would like to get started on one of these before they are no longer on the market.

We have references, including our past investor, and pictures of our past flips for reference.

If you are interested in becoming an investor or a partner for an established renovation company, please do let me know.

Kristen
Property Renovation Specialists
Knd82000@mchsi.com

**GoBIGJosh** · 08-29-2007 09:51 AM

Kristen,

I admire your moxie putting that on the site. I'd be interested to see your flips, though I am no investor.

How does the flipping market handle fluxes in real estate value? Is it more of a gamble in the flips or how does a company establish that? I've always been curious as to how you gauge that, or how one would invest. Would it be in a house by house basis, or one lump sum with a return at the end of a year/s?

**P.R.S.** · 08-29-2007 02:38 PM

Hi Josh,

i would be happy to share, please send me an e-mail address I can send those to for you.

Our previous investor would do it on a house-to-house basis. We would find the house and give the budget and he would use his good credit, take out the loan for the amount, we would do the work, sell the house, and then pay him back what he loaned us and a percentage of the profit.

We take into consideration the area and the changing market before making any deals. We always do comps and make sure the market is in a good solid place at the time of purchase.

please e-mail me and i will reply with pictures.
thanks