For Buyers & Investors

BUY A WHOLESALE PROPERTY, FIX IT UP, AND SELL IT FOR PROFIT!

Star Capital Properties, Inc. provides investors with opportunities to buy houses in need of repair at a discount. Most of the houses purchased by SCP must be rehabbed before they can be rented or sold. SCP frequently purchases more houses than can be rehabbed by SCP, consequently offering these houses to local investors at wholesale prices.

HELPFUL HINTS FOR INVESTORS:

1. Determine the Fair Market Values (after-repair value) of the house you're looking at. Get an appraiser's help, or ask an agent to help you look at what similar houses have actually sold for.  The price it's likely to sell for is going to be your starting point.

2. Calculate costs including closing fees, loan fees, document prep, homeowner's insurance, title policy, repair costs, interest on loans, property taxes, sales commission, fees, title policy, etc.  Subtract all costs from the expected sales price determined in Step 1.

3. Subtract your acceptable profit from the figure in Step 2.  Now you have the highest price you are willing to pay for a property.