Acquiring the property

We were called on this property as a result of the marketing we have been doing with agents. This agent was contacted by me originally when I was selling Pennsylvania. She was a “cold call” I made to inform her of what I did and was looking for, she called me about 2 weeks later when this property was falling out of escrow. 

After analyzing the comparable properties in the area, estimated construction costs, and projected construction time of the project an offer was made.

The appraisal on this came back at $350,000 based on our repairs we are going to do. The property has 3 bedrooms, 2.5 bathrooms, 1550 sq ft, and was built in 1977 but was remodeled in 2006. Given the convenient proximity of the remodel GII hopes to have a turn around time of two weeks with construction and five months of holding the property.