Updated about 1 month ago on . Most recent reply
Quick Denver TH Fix and Flip
Investment Info:
Townhouse fix & flip investment.
Purchase price: $255,000
Cash invested: $20,000
Sale price: $344,000
This was an off market townhouse that needed some minor cosmetic work that I performed myself. I generally do larger projects that I manage with my team and selected subs and vendors. However this was a quick and easy one that I didn't want to pass on.
What made you interested in investing in this type of deal?
Comps were strong, price was right and it was an easy in and out quick flip with good upside, especially since I performed the work personally.
How did you find this deal and how did you negotiate it?
Brought to me by one of the wholesale agents in my network
How did you finance this deal?
Personal funds and hard money lender
How did you add value to the deal?
This was a simple and straightforward "lipstick on a pig" deal. Required a junk haul away with fresh paint, flooring, carpet, fixtures and tile.
What was the outcome?
Good ROI
