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Old Southwest investments in Roanoke

Posted on March 9, 2008 | Filed Under Real Estate Investments, Roanoke City Real Estate

It seems like lately that the Old Southwest neighborhood in Roanoke is one of the hot places to be and a great place for investment as well. Here’s your opportunity to get in on the ground floor with some properties that are ready to be taken over.

117 12½ Street SW, Roanoke

• $66,500
• A lot of refurbishing is already completed
• Great positive income rental potential and close to the bus line
• New roof, electric panel, siding, wiring, flooring, carpet, vinyl, etc.
• 4 bedroom, 2 baths
• Great Old Southwest style

609 Elm Avenue SW, Roanoke

• $82,500
• Doesn’t need many repairs, would make a great remodeling project
• Great architectural details, fireplace, old style windows, bonus attic space, dormer windows, etc.
• 4 bedroom, 1 and a half baths
• Classic Old Southwest architecture and style

1722 Patterson Avenue SW, Roanoke

• $85,500
• Needs a few repairs but not much
• Great positive income rental potential and close to the bus lines
• Lots of space, your tenants will love it!

SOLD! Foreclosure hunt is on!

Posted on July 29, 2007 | Filed Under Foreclosed Homes for Sale, Real Estate Investments, Roanoke City Real Estate

DUPLEX FORECLOSURE SOLD

One of my regular investment clients recently purchased this duplex in SW Roanoke City.  It appears the previous owner was attempting a remodel job when they were foreclosed on, saving my investment client some time and money.

This duplex foreclosure features 2 units with 2 bedrooms and 1 bath each with kitchens and baths.

The duplex also features a full basement for tenant’s storage and a walk-up attic that could be remodeled into an efficiency apartment.  Quite the bargain with a sales price of around $57k.

Are you out there looking for deals like this?  Contact me for more info and to be added to my regular foreclosure listing email!

10420 Stewartsville Road, Vinton

Posted on February 12, 2007 | Filed Under Bedford County Real Estate, Foreclosed Homes for Sale, Real Estate Investments, Smith Mountain Lake Real Estate

SOLD IN 16 DAYS!

New to the market home in the Stewartsville area of Bedford County. Very convenient to Roanoke and Smith Mountain Lake but in the country. This home is new to the market and is priced by the owner for a very quick sale. Great condition on the inside with two bedrooms, hardwood floors, fireplace, full basement, maintenance-free exterior and huge 1 acre lot!

This home has some minor cosmetic work on the exterior but is in great shape on the inside. Perfect for the first time home buyer or investor looking for a quick flip.

Priced to sell at only $117,700! Call quick before its gone!

908 Grayson Avenue NW, Roanoke

Posted on February 5, 2007 | Filed Under Foreclosed Homes for Sale, Real Estate Investments, Roanoke City Real Estate

SOLD

A great northwest Roanoke home for a first-time home buyer or investor in Roanoke! This foreclosed home is just released to the market and is priced by the owner for a very quick sale. Great condition on the inside with hardwood floors and great style.

It has a huge lot for the neighborhood at almost a quarter acre and a great front porch for sitting and relaxing.

Priced to sell at only $79,900! Call me before its gone!

Millionaires in the making

Posted on May 10, 2006 | Filed Under Real Estate Investments

If you’re interested in how real estate is helping this young military couple become millionaires, read on!

CNN Money has published a few articles for -

• Sellers and flippers
• Buyers
• and finally real estate investors

My favorite excerpt is-

An experienced agent…can be invaluable in helping you price your home correctly and in getting it noticed by prospective buyers. An agent can also steer you through the tortuous sales process and keep a deal on track when the inevitable glitches crop up.