All Forum Posts by: Sean Gribbons

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $660,000
Cash invested: $130,000
Sale price: $1,015,000

Bread and butter duplex in a really great area. Split and sold on first showing over asking.

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

All i do is duplex splits

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

MLS creative negotiating with offer time limit. Over asking purchase with multiple offers.

How did you finance this deal?

Hard Money

How did you add value to the deal?

Rehab cosmetic and landscape

What was the outcome?

sold for succesful profit

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

Sean Gribbons Broker at The Gold Standard Brokerage

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $550,000
Cash invested: $120,000
Sale price: $806,500

Bread and butter duplex flip complete remodel.

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

I buy alot of duplexes

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

MLS

How did you finance this deal?

Hard Money

How did you add value to the deal?

Complete rehab

What was the outcome?

Sold for profit

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $640,500
Cash invested: $110,000
Sale price: $845,000

Single family fix and flip purchased from wholesaler. Finished basement, opened up kitchen, complete remodel. Really nice property in great location.

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

Im a fix and flipper

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

Wholesale highest price won the deal

How did you finance this deal?

Hard money

How did you add value to the deal?

Complete rehab

What was the outcome?

sold for profit

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

Sean Gribbons Broker at The Gold Standard Brokerage

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $438,000
Cash invested: $72,500
Sale price: $655,500

Single family home rehab and resale. Nice property!

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

Im a fix and flipper

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

MLS

How did you finance this deal?

Hard Money

How did you add value to the deal?

Property was in very bad condition we did a full remodel. Windows, roof, landscape, finished basement, new bathrooms, and kitchen.

What was the outcome?

Successful sale

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

Sean Gribbons Broker at The Gold Standard Brokerage

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $592,000
Cash invested: $85,000
Sale price: $800,000

Bread and butter duplex buy, rehab, and split for resale. Re sold each unit for $400,000

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

Sean Gribbons Broker at The Gold Standard Brokerage

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $1,250,000
Cash invested: $210,000
Sale price: $1,740,000

Purchased this 4 unit townhome style 4 plex in Arvada. We used hard money financing and put approx $200,000 into the property in rehab. We created new back entrances to the parking space as well as updated all the cosmetics and did over $40,000 in new landscaping and concrete. We were planning to sell the property as townhome/condos but ending up selling to a Airbnb short term rental buyer. Succesful project.

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

All I do is buy 2-4 units to split and resale.

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

MLS

How did you finance this deal?

Hard money

How did you add value to the deal?

Rehab property - see post

What was the outcome?

Sold for succesful profit.

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

Sean Gribbons - The Gold Standard Brokerage

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Wheat Ridge.

Purchase price: $632,000
Cash invested: $33,000
Sale price: $825,000

Duplex purchased to split and resale

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

Im Denver metro top duplex buyer.

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

MLS found and negotiated by myself as licensed RE Broker

How did you finance this deal?

Hard money financing 10% down

How did you add value to the deal?

Rehab bathrooms, floor, paint, kitchen, new appliances, split the property.

What was the outcome?

Both properties sold once split on back to back showings. Closed around 30 days later.

Lessons learned? Challenges?

Bread and butter deal

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

Sean Gribbons Broker and investor

What value would I have in gaining BP members contact info? Its probably easier and cheaper to just buy a list of RE investors. 99% of what I post on this site has been to help others completely free of charge. I have sold well over a thousand copies of my spreadsheet so far. It just so happens that this product I'm not giving away for free. It costs a lot of money to have people fact check this spreadsheet. Why would I do that for free? Sometimes it costs to play. Check out my profile and previous posts. I haven't been active on BP lately but far from a scammer. 

Guys sorry for the late replies. I need to get better at checking BP! 

The link is on my site under the services section just go to sean sells denver dot com. Happy deal hunting! 

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $632,000
Cash invested: $33,000

Duplex purchased to split and resale on the market for $420,000 a side.