Team turns ‘distressed’ homes into sales
SDV Real Estate Holdings has worked out a system for turning dumps into marketable delights.
Some might think buying deeply distressed homes and condominiums in a sputtering realty market is a recipe for a financial hemorrhage.
Others, like the partners of SDV Real Estate Holdings LLC, see gold.
SDV stands for the first names of the three partners, Shea Ralph, Dan Kotwicki and Vincent Terpe, who have plowed about $1.4 million into six distressed Sarasota County properties within the last 12 months.