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JP Artisan Construction

buy foreclosures at a discount, rehabilitate property to maximize resale value. as fast possible. rehab 30-45 days avg mkt time 38 days

  • Stage Concept Only
  • Industry Other
  • Location Cleveland, OH, USA
  • Currency USD

Company Summary

Buy mid to high end discounted/foreclosed homes from Fannie Mae, Freddie Mac, HUD, and various banks. Rehabilitate them in 30-45 days using quality materials purchased at a discount through various suppliers/auctions, and place them back on the MLS for resale. Avg turnaround 100 days. For instance..a targeted home is purchased for$130,000, rehab budget is $35,000. Comparable homes in that area must be selling for $199,000 minimum.