1208 Taylor Ave, Pueblo, CO

[Mark Caudill]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000
Cash invested: $60,000
Sale price: $190,000

SFR 1548sq ft 3 bdrm, 1.5 bath. Gut remodel, new drain,electric, plumbing,roof windows, drywall flooring and carpet

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

Numbers made sense, house located in established neighborhood

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

I have a realtor who knows what our parameters are and suggested this project.

How did you finance this deal?

Hard money, 15% down, 100% rehab funded

How did you add value to the deal?

Excellent finishes. Organized the flow of the house by moving 2 stairways and removing walls

What was the outcome?

Net profit of 40K

Lessons learned? Challenges?

Assess project more on a detailed level, add more time then what you think . Add additional labor into the budget.

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

Yes, realtor, hard money lender, title etc.....

[Mark Caudill]

It has to do with sphere of influence. Pueblo is south of Colorado Springs. Smaller population with no major industry. Most Coloradans express the same disgust when I tell them I am investing in Pueblo. But seriously, how can you argue with sub 100k rehabs in Colorado, 14% appreciation per year consistently. This last flip gained 6k WHILE I was rehabbing it. Future plans for the town of Pueblo include Boeing moving there. Larger companies, according to my discussion with local gov't  are being courted to move to Pueblo as well. Best kept secret in Colorado tho I may have let the cat out of the bag. lol