1208 Taylor Ave, Pueblo, CO
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $60,000
Cash invested: $60,000
Sale price: $190,000
SFR 1548sq ft 3 bdrm, 1.5 bath. Gut remodel, new drain,electric, plumbing,roof windows, drywall flooring and carpet
What made you interested in investing in this type of deal?
Numbers made sense, house located in established neighborhood
How did you find this deal and how did you negotiate it?
I have a realtor who knows what our parameters are and suggested this project.
How did you finance this deal?
Hard money, 15% down, 100% rehab funded
How did you add value to the deal?
Excellent finishes. Organized the flow of the house by moving 2 stairways and removing walls
What was the outcome?
Net profit of 40K
Lessons learned? Challenges?
Assess project more on a detailed level, add more time then what you think . Add additional labor into the budget.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, realtor, hard money lender, title etc.....