Equity Guarantee The MartinBack Group has a long track record of identifying properties with hidden equity potential. We will guarantee the equity declared in a MartinBack Investment Strategy. We will also certify the home and guarantee that if an outside inspector finds a blatant defect we will cure at our cost.
Success Stories
Below are examples of some of the projects that we did during the last year:
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Address: |
2045 SW 69th Dr. |
Purchase price: |
$90,000 |
Repair work: |
Paint carpet, laminate flooring, siding repair appliances, HVAC replacements (3 units) |
Investment: |
$9,900. Total repair investment, insurance, closing costs, taxes |
Selling price: |
$140,000 |
Ownership: |
9 months |
Net Profit: |
$40,100 |
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Address: |
Brighton Park Condo, 4415 SW 34th St #408 |
Purchase price: |
$84,000 |
Repair work: |
Installed back door and GFCI's in bathrooms. |
Investment: |
$4,500. Total repair cost, closing cost, insurance, association fees. |
Rent income |
$2,400, 3 months |
Selling price: |
$110,000 |
Ownership: |
3 months |
Net Profit: |
$9,200 |
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Address: |
4431 SW 20th Ave. |
Purchase price: |
$60,000 |
Repair work: |
Installed carpet, roof, HVAC service, paint, new door. |
Investment: |
$6,000. Repair work, closing cost, insurance. |
Selling price: |
$85,200 |
Ownership: |
4 months |
Net Profit: |
$19,200 |
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Address: |
4409 SW 20th Lane |
Purchase price: |
$66,000 |
Repair work: |
Siding repair, paint, water heater, HVAC service, clean and die carpets. |
Investment: |
$4,725. Repair work, insurance, association fees. |
Selling price: |
$90,000 |
Ownership: |
2 months |
Net Profit: |
$25,275 |
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Address: |
17 mixed parcels, varied conditions |
Purchase price: |
$67,000 |
Investment: |
$25,000. Cost to rehab, insurance, termite, plumbing |
Rent income: |
$73,298 |
Selling price: |
2 units - $15,000 (within 90 days)
1 unit - $2,500 (4 months)
2 units - $24,500 (5 months)
2 units - $35,000 (8 months)
4 units - $44,500 (15 months)
6 units - $105,000 (29 months) |
Ownership: |
3 years total |
Net Profit: |
$207,700 |
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