REI Photo Contest Reveals Amazing Profit Margins - New Western Acquisitions
January 15, 2016 (PRLEAP.COM) Business NewsAtlanta, Georgia: New Western Acquisitions, a wholesale real estate brokerage company for property investments, who, since 2008, have financed nearly ten-thousand investment properties all over the United States. In November, NWA held a month-long Facebook contest for investors to upload their proudest flips in the first annual "Worst to Best - Photo Rehab Contest". Their winner, Kevin Smith of Atlanta, submitted the photos of his renovation property that was a landslide fan-favorite.
"We bought the home from New Western Acquisitions for $165,000," Smith said, and after very effective usage of the resources provided by NWA, Smith was able to turn successfully a profit of over $43,000.
The house, which is located in the East Lake Heights community of Atlanta, sold for $316,500 after the renovation. The scope of the work reached from the tidily landscaped front yard to the jetted tub in the master bath, and the detailed crown molding throughout. With a clever use of renovation knowledge and experience, Smith was able to put resourcefully an addition to the back of the house to enlarge the master bedroom and bathroom. The kitchen was also entirely renovated, and a sweeping back patio was added to overlook the expansive backyard.
Soo Cho, the General Manager of the New Western Acquisitions Atlanta Office said, "I'm glad New Western Acquisitions Atlanta could help out in the closing of this deal. This was a great example of a quality flip, that not only makes a nice return for the investor, but helps the value and the overall appearance of the neighborhood."
Smith runs a full-time renovation business, and said that New Western Acquisitions was easy to work with. NWA hosted this social media contest to alert the public to the idea of property renovation and to open the door to further investment opportunities. The head of marketing for New Western, Heather Harrington, is excited to bring New Western clients more contests in 2016 with the goal of uniting investors over the work they should for which they should be recognized.
Find the official house listing: www.redfin.com/GA/Atlanta/101-Carter-Ave-SE-30317/home/23709764