All Forum Posts by: Jacob Ziegler

Turn-key Rental or quick cosmetic flip opportunity in the competitive North end of Colorado Springs. Home is located in the highly desirable Banning Lewis Ranch Subdivision.  

Estimated Repairs: $2500-5000

Estimated After Repair Value: $270,000 - 275,000

Current Market Rent: $1600 - $1800

Awesome! Thanks for all the great feedback guys. You guys are a great example for new members of the BP community. As my knowledge grows I will be sure to check on the forums and see if there is anything I can help with. 

@Paul Amegatcher Thanks for the step by step guide on getting to the closing table successfully and legally

@Joseph Graeve, @Travis SperrThanks for the reply guys, I look forward to networking and possibly working with you in the near future. 

@Norberto Villanueva Thanks for the reply, I will message you with some questions for contact info. 

Once again, Thank you Bigger Pockets Community, I will update this post as my first lesson continues. 

Hello biggerpockets,

I have what I believe to be a great deal on a property that is ready for rehab in Colorado Springs. I have this property under contract for a very good discount. Based on comps and estimated repair costs, I have left an interested buyer with enough room to make an excellent profit in a very competitive market. 

Before I start, I want to make sure I am following BP rules, this post is NOT a solicitation for a mentor or buyer, but more seeking advice on where to start looking in the Colorado Springs area.

My issue is that I am new to the wholesaling process. I am seeking the guidance of an experienced wholesaler in Colorado that would be willing to help me through the process in exchange for a percentage of the deal, but I'm not sure where to find them. My goal for this transaction is not so much the financial profit as the knowledge profit.   

Either way I am excited to have at least started advertising, and have seen a result. By the way, I started marketing on the 3rd of January. My advertising was only online, as my letters have not mailed yet. Its been a pretty good return on investment, as far as getting the phone to ring. 

I am headed to a few local meet ups and will try to network there. Does anyone else have any good ideas on where to start, specific to Colorado Springs. Also, what would be a seasoned wholesalers next move in this situation? 

I have experience in real estate and this seems to be a great deal, if anyone is curious on the numbers I am more than willing to share them if that is allowed.

This is my first post. Go easy on me.  

Thank you for your your thoughts on the subject.

-Jacob