 As you may know, Level 4 Funding is a hard money lender, and we help many people realize their dreams, especially those who focus on fixes and flips or rehabs. Occasionally, we come across someone whose story and work are just too inspirational not to share. Pam Bauer and Marsha Burton of SouthCreek Fix and Flips are two such people. Marsha was kind enough to talk briefly about their recent flips and what keeps them in the business. Pam's Been a General Contractor for 25 Years A background in the industry makes the transition to flipping houses much more accessible. Pam's 25 years of work as a general contractor gave her an excellent background for fix-and-flips. With nine years of direct fix-and-flip experience and Marsha as a partner, SouthCreek Flips has completed 18 properties in 3 years. The Pair Follows the Motto, "The Uglier, the Better" While those just getting into the fix-and-flip business will likely want to select modest projects, the expertise these ladies bring to the table means they can tackle homes that others might shy away from. "Hoarder houses," as Marsha calls them, are a favorite. The pair explicitly targets homes that might appear beyond help to others due to trash and debris, filth, or shoddy upkeep, and often networks with realtors and other real estate investors to help ensure the suitable projects land with the right rehabbers. Carving Out a Family Paradise is its Reward Even though fix-and-flips can be lucrative if you know what you're doing, Marsha says they're driven by more altruistic means. The pair works primarily in low-income areas, restoring 2-3-bedroom homes for people who want a nice place to stay near family but can't find quality housing. Her favorite project to date involved rehabbing a hoarder house with mold problems. The house sold before it even listed for more than the asking price because the buyer was so excited to have the opportunity to purchase a lovely home near his mother. Check out the stunning photos of it below!
  After All These Years, Some Homes Still Come with Surprises Those who do fix-and-flips for a living have expert eyes and know how to size up a property well, but even the pros find ugly surprises from time to time. We asked Marsha what their biggest surprise was thus far. "We noticed some plumbing was a little corroded when replacing a fixture," she explained. "You can rig a house to death and put it on the market and Pam, and just I can't do that." So, they did what they always do: address the corroded plumbing. Unfortunately, this led to an unsavory discovery: a former owner created his sewer system with cinder blocks. The pair were forced to drill it all out, remove it, and replace it to code. Watch for More to Come from SouthCreek Flips The dynamic duo has been focused purely on their projects thus far and doesn't have a digital footprint yet, so be on the lookout for a website in the future. You may also catch their current project on Garfield, which will be hitting the listings any day now.
If you liked hearing Pam and Marsha's story, come back here as we continue to highlight more of the great things Level 4 Funding clients are doing with their hard money loans or contact us directly if you think you've got what it takes to become a home rehabber and need funding for your project.
NCO Enterprises LLC Dba Setabay Private Hard Money 26731 N 90th Drive Peoria AZ 85383 Telephone: 623-582-4444 NMLS 2062278 NMLS 1118493 Equal Housing Opportunity. This is not a Good Faith Estimate nor a Guarantee to lend and should not be considered as such. Costs, rates, estimates, and terms can only be determined after completing an application. Actual payments will vary based on your situation and current rates. APR for loans ranges from 7.99 - 29.5% and is based on Credit Score, Down Payment, LTV, and Income. Mortgage rates could change daily. For more accurate and personalized results, please call 623 582 4444 to talk to a licensed mortgage expert. Terms and conditions of all loan programs are subject to change without notice. NCO Enterprises LLC Dba Setabay Private Hard Money 26731 N 90th Drive Peoria AZ 85383 Telephone: 623-582-4444 NMLS 2062278 NMLS 1118493 This email is for the exclusive use of the intended recipients and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the email from your computer, and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this email nor any attachments establish a client relationship, constitute an electronic signature, or provide consent to contract electronically unless expressed by Matt Prosory RI/CEO, in this email or an attachment. To the extent, this message includes any tax or legal advice. This message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice. This email is an advertisement.
Copyright © 2023 Setabay Private Hard Money, All rights reserved. 3
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list | | | |
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.