New Fix & Flip in Commerce City
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $337,000
Cash invested: $40,000
We just purchased a 4 bed, 2 bath off-market property we intend to flip!
What made you interested in investing in this type of deal?
Great house, rough location, and ready to be back in the game!
How did you find this deal and how did you negotiate it?
Wholesale deal
How did you finance this deal?
Cash
How did you add value to the deal?
We’ll be completely renovating this, doing things the right way - egress windows, canned lightening, updated electrical.
What was the outcome?
Hoping to list it by October
Lessons learned? Challenges?
We’re more off-hands then we’ve ever been before and lesson so far is you need to actively manage your subs…
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself - Although Heritage Title was a breeze to work with as well, so shout out to them!
