People ask me all the time what is an investment property? In a nutshell, an investment property is one you plan to flip.
An investment property is anything that you can make money off of; any property that is not bought for owner-occupied. The property right behind me in the video is a 3650 square foot house; it has five bedrooms and three bathrooms. My client bought it from me as a flip and he has totally redone it. So this qualifies as an investment property.
Let’s go take a look through the property and I’ll give you some pointers on flipping a house. They have done a great job on this house, completely remodeling it from the floor to the ceiling — all brand new windows, paint, and landscaping on the exterior. I will let you know what I love about this house; I love these tall ceilings. Tall ceilings aren’t very common in the Leawood Subdivision, so this is a definite selling point. The ceiling in the entry-way is about 14 feet with 10 feet ceilings in the rest of the main level. Luxury vinyl flooring is a must-have when flipping a home. We took a wall out in the dining room and opened it up to the kitchen — a flip must also have an awesome kitchen. The built-in microwave above the oven instead of over the stove is a great addon with features like a single sink trending upwards with buyers. There is a great deck off the dining room. Downstairs there is a den, sunroom, full bath, and 5th bedroom. If you go up a few stairs you have four bedrooms and two more bathrooms.
We are putting this on the market at $400,000 – 3680 square feet 5 bedrooms and 3 full baths. 1524 Mountain Drive Little Rock AR – if you’re interested in knowing more about flipping property and about investment properties in general, give me a call at 501-993-1973 or sign up for one of my real estate investing seminars here.