Town Home near Denver Tech Center

[Bruce Martin]

Investment Info:

Single-family residence fix & flip investment in Denver.

Purchase price: $515,000
Cash invested: $78,000
Sale price: $669,900

Two Story town home near Denver Tech Center with excellent community amenities. Took a little longer to sell but still did OK.

What made you interested in investing in this type of deal?

Flipped in this community a while ago and did well, location is great

How did you find this deal and how did you negotiate it?

Found through MLS and negotiated well on the purchase

How did you finance this deal?

Hard Money

How did you add value to the deal?

Complete remodel, added hardwood through out the main floor, fancied the stairs up a lot and made the master bath feel like a spa

What was the outcome?

Did OK, home on market way too long

Lessons learned? Challenges?

Missed the market a little as should not have bought a two-story, ranches are King here and missed that

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Merchants Mortgage for Hard money and they were great!!