At Southern Home Group, we specialize in renovating and restoring investment homes to their former beauty. Below you will see some of the properties our team have renovated and the investment value that was added.
At Southern Home Group, we specialize in renovating and restoring investment homes to their former beauty. Below you will see some of the properties our team have renovated and the investment value that was added.
This lovely Belmont home was restored by Southern Home Group and flipped for a net profit.
Purchase Price: $55,000
Repair Cost: $80,000
Holding Time: 6 months
Sale Price: $185,000 within 24 hours on market.
Net Profit: $44,000 after fees and commissions.
This cozy Gastonia property was updated by Southern Home Group for a $29,000 profit.
Purchase Price: $33,000
Repair Cost: $45,000
Holding Time: 5 months
Sale Price: $110,000
Net Profit: $29,000 after fees and commissions.
This Charlotte home was a property purchased from distressed homeowner. The SHG team was able to rent and flip this Charlotte home for a profit.
Purchase Price: 26,000 down and subject teller and subject seller financing of $600 per month with $70,000 balance on the mortgage.
Hold Time (rented out property at $1,250/mo): 12 months
Repair Cost: $10,000after tenant moved out.
Sale Price: $153,000
Net Profit: $51,000 after fees and commissions.
We have over 5 years of experience in house flipping, transforming a property into a profit. We offer our expertise, connections, and experience to minimize your bumps in the road and maximize your profits.
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