Updated about 2 months ago on . Most recent reply
Villa Park Denver Duplex Split - Fix and Flip project
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $520,000
Cash invested: $150,000
Sale price: $899,000
bought distressed duplex; completely renovated; work with city to split into two individual units and sold invdividually
What made you interested in investing in this type of deal?
opportunity to flip in an vibrant neighborhood with big upside; splitting into two units also presents big upside
How did you find this deal and how did you negotiate it?
MLS and myself!
How did you finance this deal?
partner and hard money
How did you add value to the deal?
i found the deal, hired the GC and sold it
What was the outcome?
we spent a lot more on the rehab than originally planned but still made a nice return
Lessons learned? Challenges?
Good GC's are EXPENSIVE
