Case Study 2: Upper Northwest DC with $399,000 Equity

An Investment Property Matchmaker & CityDwellers investor has done it again! This house is located in upper Northwest off of 14th Street near Eastern Avenue (Shepherd Park). The buyer purchased this deal in February 2009 for $358,500 and sold it less than 7 months later in September 2009 for $757,500 (exactly $399,000 more than the acquisition price).

We estimate that the work and expenses related to the sale of this house cost about $200,000, so the investor made approximately $200,000 in a few months. Not bad, huh? Stay tuned, more deals are on the way!

BEFORE & AFTER PICTURES (click to enlarge)







VIDEO TOUR



BASEMENT PHOTO: WET BAR

Case Study 1: H Street Corridor with $385,000 Equity

We will post Case Studies so our subscribers can see the type of opportunities we give our clients first hand:



This house was a fire damaged house a half-block north of H St, DC's hottest new corridor. The City broke ground this summer to construct a trolley/street car line on H Street from Union Station to RFK Stadium (to be completed Summer 2011). We kept this trolley project in mind as we made the offer on the property for $200,000.

The house sold in March 2009 for $585,000. That allowed for $385,000 equity to pay construction costs, loan fees, selling costs and carrying costs. Most investors would expect to walk away with at least $100,000 from a project like this. Here are the after pictures: