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Article from Forbes Magazine on Best Ways to Profit from Distressed Housing

How to profit from buying and rehabbing distressed properties!

Nicholas Vercollone (Fiance to my sister Nikelle) on Forbes discusses his investments in buying and rehabbing distressed homes.

 

 Nick and my sister Nikelle (I don’t know how they are going to handle the phone when someone asks for Nicky!) are investing in distressed properties, fixing them up and making a nice profit on selling them. This can easily be done with a small group of investors and/or friends pooling their money together to purchase properties of all price ranges.  I commend them on their entrepenurial spirit in this prospering business!

The following story appears in the June 25, 2012 Investment Guide issue of Forbes Magazine.

Early last year Nicholas Vercollone bought his first property: a run-down three-family Victorian in the working-class Boston suburb of Chelsea for $175,000 in cash. The place, which he spotted on Zillow.com, was being sold “as is” by an estate. “There was two feet of snow in the living room, and we were working in raincoats through the spring,” chuckles Vercollone, a 32-year-old carpenter who decided to invest in distressed properties after working on renovations for other investors.

To read more about this article please visit:    http://www.forbes.com/sites/morganbrennan/2012/06/06/best-ways-to-profit-from-distressed-housing/

Shannon Biszantz

Posted by Shannon Biszantz

Real Estate Consultant at BiszantzConnection

If you choose me as your realtor, I will be by your side through all the steps of the buying/selling process. As my client, I will be primarily concerned with representing your needs.

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Shannon Biszantz

Shannon Biszantz

Shannon Biszantz reviews

CalBRE #01787015
16236 San Dieguito Road, Suite 4-12,
Rancho Santa Fe, CA 92067

Work Cell: 619-417-4655
Office: 858-755-0075




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