Mid-Century in Denver Colorado

[Bruce Martin]

Investment Info:

Single-family residence fix & flip investment in Denver.

Purchase price: $399,500
Cash invested: $55,000
Sale price: $530,000

First Mid-Century Home flip with investor, bought through wholesaler.

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

It was a partnership with another investor and seemed like a good idea at the time

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

Bought through wholesaler so price was final

How did you finance this deal?

Used Hard Money Lender through the Wholesaler, not the best terms

How did you add value to the deal?

Complete remodel of interior and opened up the main floor plan which helped a lot

What was the outcome?

Didn't sell as hoped for and spent a lot of profit on holding cost.

Lessons learned? Challenges?

Debated whether to add a master bath and was talked out of it. Looking back had the room to do it and should have added as it would have added a ton of value

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

NA