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Today we are going to talk about a program that we started awhile back that allows sellers to flip their own homes. It’s called the “Home Enhance Program,” and we’re excited to talk to you about it.
What we do with this program is provide the seller all the resources to remodel, and even add to, their current home. We provide the capital, the architect, the construction crew, the Realtors, and more. We give you everything you need so it’s a hands-off approach, which results in sellers selling their home for a higher price and with a quicker sale.
Recently, a home we remodeled in Danville had a value of $1 million. We put in $200,000 of our own capital to remodel and do a small addition. We then sold the property for $1.5 million. We then take the $1.5 million, subtract the money we put in, and are left with $300,000 of profit, which we split 50-50 with the seller. With the home enhancement program, they get $150,000 more than they would have otherwise.
If you know of anyone who might be interested in this program, have them visit www.homeenhanceprogram.com. If you have any other questions, feel free to give us a call or send us an email. Until next time!
