Meridian Capital Holdings was a featured expert in another Orlando Sentinel Article concerning the Orlando Real Estate market.
The flipped resale prices reported for Orlando likely include about $20,000 to $30,000 in renovations for each house plus about $10,000 in real-estate costs, said Winter Park agent Ryan Courech, who estimated he has flipped about 43 houses in the Orlando area during the past four years.
He said he doubts flippers are still getting the kind of profit margins reported by RealtyTrac for 2012.
“It’s almost impossible to buy a flip,” said Courech, a principal with Meridian Capital Holdings LLC. “The big hedge funds are moving in and are buying hundreds and hundreds of houses to use as rentals. After a three- to five-year hold, they will sell them off and get about 8 to 10 percent in annual rental profits until then.”….
The key difference between now and the boom years in terms of flipping, Courech said, is that legitimate investors are paying cash this time around. Leading up to the slump, much of the money supporting the housing market was speculative and borrowed from banks, which ultimately foreclosed on such properties.
With so many cash deals now driving the investor-heavy market, he said, flipped properties are less likely to wind up in foreclosure.
Read the full article at
New acquisition located in beautiful Winter Park, walk to Park Ave and Rollins college!
More information coming soon.
565 Preston Rd is pending sale!
2506 Chippewa Trl is pending sale!
407 Krueger St is pending sale!
Currently Meridian Capital Holdings has one property active for sale at 2506 Chippewa Trl and 3 properties coming soon.
10652 Jane Eyre Dr is pending sale.
1140 Willowbrook Trl is pending sale, before it was even put on the market.
Here’s an old photo, the new photos will be MUCH better!
Original Photos of Willowbrook, new one will be much better!
Tune In June 2, 2012 at 10:30AM to see Meridian Capital Holdings Managing Partners Ryan Courech and Howard Axner on the season finale of A&E’s “Fix This Yard”. Watch as one of Meridian Capital Holdings properties goes from one of the most beat up and neglected yards in the neighborhood to becoming one of the most beautiful and talked about yards around!
Ryan Courech and Lisa Chimento will be the featured home owners for the episode!
2231 Banchory Rd is pending sale!
Currently Meridian Capital Holdings has no active properties for sale however we are currently working on two in Maitland, Florida which should be ready For Sale soon.
2261 Deloraine Trl is pending after 8 days on the market!
Contact Meridian Capital Holdings for info on current homes for sale as well as upcoming homes for sale!