Redeveloping and selling single-family properties is an effective way to earn a profit – if you do it right. Proper scoping of the property’s mechanicals, roofing and other big-ticket items is critical for avoiding added costs in time and money. To illustrate this point, Investors Beat details how Taylor Johnson client MACK Estates, a division of MACK Companies, recently redeveloped a home to new-construction standards in four months, came in under budget, and then sold the property for its asking price in just over two weeks.

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MACK Estates redeveloped and sold this property in Homewood, Ill.