Updated almost 5 years ago on . Most recent reply
Lessoned learned from Arvada SFR flip with Structural Problems
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $310,500
Cash invested: $140,000
Sale price: $535,000
This flip was a bit of a learning experience. We knew going in there were major structural issues. However getting the permits approved to put tie-backs and wall anchors in took a lot longer than originally planned for. The whole rehab project hinged on the structural being completed in a timely matter and working with the Arvada city to get permits took months which was not originally budgeted for.
