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Updated over 9 years ago,
Creativity Help?
Hey BP gurus...I have private investor money up to $1M for fix and flips. I'm in the Denver market, but it's way tight here and can't find deals to make the numbers work. I'm fairly broke after a couple of over-priced and under managed flip deals, so now I want to put this money to work and lick my wounds while I make some money. I've learned some important lessons that should pay dividends on the next go-round. So...
Any suggestions on how/where to invest this money for a quick turn to build up cash reserves? I am open to out of state, but have to have very solid numbers and people on the ground. I'm thinking very light cosmetic rehab, so that management is only a handyman, flooring guy, and maybe electrician. A quick $15k investment into a rehab house to turn $20k profit in 60 days, no permits. Thoughts? Other suggestions?