Quick Flip - Inspiration Pointe - Denver, CO 80212
Investment Info:
Single-family residence fix & flip investment in Denver.
Purchase price: $419,000
Cash invested: $42,000
Sale price: $543,000
Fairly quick flip - flooring, interior & exterior paint, electrical recessed lights added, minor tile work, and new appliances.
What made you interested in investing in this type of deal?
BIG home for its price, plus mother in law - easy flip.
How did you find this deal and how did you negotiate it?
MLS - quick response time.
How did you finance this deal?
Bank/Cash
How did you add value to the deal?
Understanding quick turnaround was key, experience with flips.
What was the outcome?
Quick profit, good deal overall.
Lessons learned? Challenges?
Timing of Holidays - but overall it sold fairly quickly.
