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Updated over 9 years ago,

User Stats

101
Posts
47
Votes
Don Nelson
  • Rental Property Investor
  • Buena Vista, CO
47
Votes |
101
Posts

Creativity Help?

Don Nelson
  • Rental Property Investor
  • Buena Vista, CO
Posted

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?

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