Updated about 4 years ago on . Most recent reply
Denver House-Hack and Flip
Investment Info:
Single-family residence buy & hold investment in Aurora.
Purchase price: $425,000
Cash invested: $13,400
Sale price: $625,000
Sold this house earlier this year after my longest "hold" period on a property. I bought this beautiful SFH (for myself) across the park from my kid's elementary school but was still able to make a basement rental unit the entire time I lived there, covering most of the mortgage on the property.
How did you find this deal and how did you negotiate it?
The market was hot in Denver however I came in at asking price BUT I wrote a nice letter with a picture of my family. The sellers had been original home owners and were touched by the personal letter and later told me they gave up significantly higher offers to sell to me. Sometimes the personal touch can pay off.
How did you finance this deal?
Traditional funding with a VA loan allowed me to get in for very little money.
