http://forpropertyinvestors.com Six townhouse development. First four then two more later. This is the before footage of the place 'as is' when first purchased 2010.
After no one put their hand up at auction i heard about this property the next day and submitted a offer with a short simple text to the real estate agent. By Monday the offer was accepted for the price i offered and in 30 or so days the house was settled on.
Those that have been following my goals since 2008 to acquire $1,000,000.00 in positive cash flow generating real estate. This is deal number three. You can see more photo's at the official video blog web site where there is more details and videos of my progress.
The long time plan for this property is to give it some makeup with a basic paint and mow the lawns and prune hedges etc and rent whilst a development application goes through council initially for five new townhouses to be developer on the 1.2 Acre block. An application is in progress now.