2006 December 07 « Foreclosure Flipper

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CALLING ALL FORECLOSURE / HOUSE FLIPPERS!!!!

December 7, 2006 at 7:17 pm | In Buying a House, Flip That House, Flip this House, Foreclosures, House Flipping, Real Estate Investing, Real Estate Marketplace, Selling a House | 2 Comments

A friendly reader has recently given me a fantastic tip on a potential real estate investment in Philadelphia. I would be all over this one if I wasn’t currently working on several other projects. So in an attempt to begin a quasi-House Flipping social network I am putting this one up for grabs. I hope all fellow home flippers interested feel moved to post any comments and initiate a dialogue between real estate investors that could be helpful to many. The following is what the Foreclosure Flipper reader said about the property:

“This woman is in and out of foreclosure (ck. the civil dockets) and has been trying to sell since May. They are the loudest, most annoying people on the street and everyone would love the opportunity to buy them out, but no one can afford to. Check it out. Gut it, flip and sell it to a yuppie for 3x the price. It’s the nicest street in the area, and full of fabulous people save for this house of rednecks.”

Here are the property’s stats:

List Price: $185,900 Heating:Gas List Date: 11/25/2006 Exterior: Stucco Bedrooms: 3 Electric: 100 – 150 Amps Baths: 1.5 Year Built: Approx. 1950 Square Ft: 1009 Stories: 2 Lot Size: .03 Acres Type: Row home Annual Taxes: $1,394 Parking: Street Status:Active Location: 458 Ripka St. Philadelphia, PA 19128

Map: http://maps.yahoo.com/py/maps.py?BFCat=&Pyt=Tmap&newFL=Use+Address+Below&addr=458+Ripka+Street&csz=Philadelphia,+PA&country=&Get%A0Map=Get+Map Living: 14 x 14
Kitchen: 10 x 9
Dining: 14 x 14
Master Bed: 14 x 13
2nd Bed: 10.5 x 9
3RD Bed 12 x 9.5

Additional Information: Front yard has a porch, rear is a fenced yard. Entrance into a living room entry. Living room has a newer Berber carpet. Kitchen, new steal refrigerator, d/w, stove. Beautiful cabinets. Definitely a cook pleaser! Master bath has ceramic tile and a sky light. Basement partially finished with a half bath.

So, if you can stomach doing business with a few loud mouth Rednecks, then I hope you will take advantage of this tip and let us all know how it goes. Happy Flipping! J

Contact Info: Scott Harrity
                       Assist 2 Sell Realty Sellers ‘N Buyers
                      (484)235-7283
                      (484)235-7283 OFFICE
                     (484)2357290 FAX
                      EMAIL: scott@gr8savings.com