Recent Close – 38% Discount to Market | 30%+ ROI
Article by, Brent Virkus – President and CEO of Motor City Deign Build and member of Team Virkus | (586) 854-9203 | email@example.com.
We are proud to announce that on behalf of one of our clients, Team Virkus has successfully negotiated and closed on the purchase a significant bank owned property located in the high community of Birmingham Michigan at a 38% discount to market!
The property is in need of a moderate cosmetic renovation, including, a kitchen and bathroom remodel, finished carpentry work and paint throughout. Our client’s plan is to complete the renovation work and immediately turn and sell the home to an end user. The classic “flip”.
Ultimately this acquisition will produce a 30%+ net return on investment to our client over a 4 month period.
What makes Team Virkus unique is we provide our clients’ a fully integrated team to complete the business plan on an acquisition like this. Not only do we find and close the acquisition on behalf of the client, we will also handle all of the renovation work and the ultimate sale of the property. A true “One Stop Shop”…
So, if your looking to buy a “fixer-upper” for your new home or simply looking for an investment “flip” opportunity, we’d enjoy the opportunity to help.