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User Stats

6
Posts
3
Votes
Heather Szucs
  • Investor
  • Colorado
3
Votes |
6
Posts

Looking to buy a property in Colorado

Heather Szucs
  • Investor
  • Colorado
Posted

What's the best strategy to get a good fix and flip opportunity in Colorado Denver area?

User Stats

216
Posts
209
Votes
Bill J Fay
Pro Member
  • Lender
  • San Diego
209
Votes |
216
Posts
Bill J Fay
Pro Member
  • Lender
  • San Diego
Replied

Start attending local meet ups. You will meet wholesalers, agents, investors, lenders, contractors, and other professionals in the real estate industry. 

  • Bill J Fay
  • User Stats

    528
    Posts
    261
    Votes
    Dan Guenther
    Agent
    • Real Estate Agent
    • Longmont, CO
    261
    Votes |
    528
    Posts
    Dan Guenther
    Agent
    • Real Estate Agent
    • Longmont, CO
    Replied

    @Heather Szucs - There are plenty of flip opportunities in the Denver Metro area depending on the size of project you are comfortable with. You'll find that there are plenty of large scale wholesale companies, but also smaller wholesalers that tend to source deals with larger spreads. I'll send you a DM and see if I can help you out in anyway. 

    CV3 Financial logo
    CV3 Financial
    |
    Sponsored
    Fix & Flip | DSCR | Construction Loans Up to 90% LTV - Up to 80% Cash Out - No Income Verification - No Seasoning Requirements

    User Stats

    2,518
    Posts
    1,275
    Votes
    Matt M.
    • Realtor
    • Denver, CO
    1,275
    Votes |
    2,518
    Posts
    Matt M.
    • Realtor
    • Denver, CO
    Replied

    Please do your OWN numbers. Be wary of anything from the big wholesalers. If it's one of their "cattle calls" then move along. I work a lot in this space, and I've seen too many people get burned relying on someone else's numbers. 

    User Stats

    1
    Posts
    0
    Votes
    Derrick Boyd
    • Real Estate Agent
    • Denver, CO
    0
    Votes |
    1
    Posts
    Derrick Boyd
    • Real Estate Agent
    • Denver, CO
    Replied

    The Denver Metro area is ripe with renovation opportunities, whether you're eyeing larger projects or smaller ones with higher margins. Explore both large and boutique wholesalers. Attend local meet-ups to network with wholesalers, agents, investors, lenders, and contractors.Always calculate your own figures and be cautious of deals from major wholesalers. Many have been burned by relying on their estimates.

    User Stats

    357
    Posts
    177
    Votes
    Chad Rocke
    Agent
    Pro Member
    • Real Estate Agent
    • Denver, CO
    177
    Votes |
    357
    Posts
    Chad Rocke
    Agent
    Pro Member
    • Real Estate Agent
    • Denver, CO
    Replied

    @Heather Szucs

    I host a monthly meetup, as many have suggested networking is a great way to get started.

    Zeppelin station

    Thursday Aug 29th

    6-8pm

    Join me at Real Estate Meetup | Short Term Rentals | House Hacking | Investment Properties https://meetu.ps/e/NnWvj/Q4Gbf/i

    User Stats

    35
    Posts
    2
    Votes
    Kent Kettell
    • Catlett, VA
    2
    Votes |
    35
    Posts
    Kent Kettell
    • Catlett, VA
    Replied

    It’s always good to start building local connections, although it’s still very important to conduct your own research and run your own numbers.