Hello All,
Here is the completed flip that was purchased in November
You can see the link to the original post here;
http://pfllc.blogspot.com/2011/10/new-flip-in-la-mesa.html
As you can see the property looks vastly different now then it did before. The original plan was to build a bedroom and bathroom onto the property in order to really increase the value and when the borrower was in the process of getting permits, he decided that it was more trouble than it was worth. Unfortunately, for the borrower, there was some wasted time while he was attempting to get permits for this property and was paying interest during that time.
http://sequ.com
Here is the completed flip that was purchased in November
You can see the link to the original post here;
http://pfllc.blogspot.com/2011/10/new-flip-in-la-mesa.html
As you can see the property looks vastly different now then it did before. The original plan was to build a bedroom and bathroom onto the property in order to really increase the value and when the borrower was in the process of getting permits, he decided that it was more trouble than it was worth. Unfortunately, for the borrower, there was some wasted time while he was attempting to get permits for this property and was paying interest during that time.
http://sequ.com
