All Forum Posts by: Kyle Doney

We wholesale a few deals a month in Denver, Greeley, Fort Morgan, etc. Anyone looking for wholesales hit me up!

@Braden Hobbs DM me your info. We wholesale a few properties a month in the areas you mentioned.

@Brent Bowers Wholesales down there. Hit him up, he has deals. 

@David Roque Yes

@Richard Galdieri Didn't get that far really. Assuming 5-6% would work. I wouldn't want to tie up 200K long though, and I would just end up flipping, so that why I feel like all cash is better unless the down payment is lower. Doesn't make sense to me as a rental. 

@Matt M. Agreed. Would be a tough wholesale, but maybe. I mean I mark things up pretty good lol, but thats a 91% deal.. 

@Ernesto Hernandez Agree

I have a lead in Boulder CO I've been working that I feel is too tight, but has some creative qualities to it. ARV 550K all the house needs is some paint. I offered 450K cash offer. Seller doesn't like it too much and wants 480K. I said I could do it with owner carry. She is fine with it, but wants 200K down. At that point I don't feel like its worth it. Its a rental with a lease until April bringing in 3k a month. Good tenants, well kept house. She put 50K in it a year or two ago.

How would you work this lead? Or call it a pass? 

Inspection Report <-- Has pics

Click HERE to be added to our buyers list. 

@David Lichtenstadter@Jack Ni

We got the lead from a cold call to a pre foreclosure list. The lady was going to go down with the ship if we didn't give her a 2 year lease so she could stay in the house until her daughter graduates. She was getting like 15+ calls a day and people knocking on her door, but no one wanted to give her what she wanted.. except us :). 

She had a ton of equity, so she still walked with a lot, but we also have a ton of equity in the property. Enough to make it worth waiting 2 years if we had to. She's renting it back from us at probably $1000 under market value. Again, it didn't matter as we had enough equity to make it happen. We closed it out, but will likely sell it to another investor in the near future. 

Chase wanted the house bad. They wouldn't let her refinance, do a loan mod, or even push out the foreclosure date. We were working the deal for a while, but got a call 2 days ago saying that we had to close the next day or it would be foreclosed on.

We gathered up some cash and made it happen and that was that. 

Me and my team closed today on Halloween and our seller came dressed up! We didn't get the memo unfortunately :0

This was a big group effort with a ton of hurdles to get this deal done so we all had to come to closing for this one. We literally bought this property with a one day heads up or our seller would of lost the property to foreclosure and got nothing. We helped her clear 6 figs on a win win solution for everyone! 

HAPPY HALLOWEEN!

Westwood Fix & Flip or Rental

919 S Raleigh St

--$240K--

This Denver property in the Westwood neighborhood is a single family home will make a great rental or flip! Minimal work needed for a rental and moderate work needed for a flip. All the big-ticket items were already done for you a few years ago. The home underwent a renovation in 2012 and has a new furnace, water heater, roof, sewer line, vinyl windows, and more! The house mostly needs cosmetic upgrades to make it shine.

The garage looks to have been converted into a master bedroom and has room to add a master bath. The square footage is likely 300+ sq. ft. larger than assessors shows (buyer verify). The carport is large and could be converted to a 2 car garage. There is an alley, allowing for a garage or ADU to be built behind the house. The landscaping in front of the house is in great shape. Overall this should make an easy flip or a solid rental with income add potential with an accessory unit.

Westwood is making major improvements and property values should keep rising. Check out this article for more:

Overview:

• 3 Bed 1 Bath
• E-SU-D1X zoning – Allows for an ADU
• Open floor plan- Kitchen can flow to living room
• Delivered vacant
• ARV Estimate: $330K+
• Fix Estimate: Rental: $1K, Flip: 35k (83% deal)
• 11/7 Close- 5k nonrefundable deposit required. 

MORE PICS

To get on our buyers list click HERE

Green Valley Ranch Rental!

5793 Biscay St., Denver CO 80249

--$210K--

This Denver townhouse is a rental or easy wholetail deal. Needs nothing, except maybe a coat of paint to make it really shine! Sell as is or turn key ready for move in. If you wanted to get fancy and bump up ARV, add in granite and paint for an increased ARV.

Here’s the numbers:

Property Value $245,000

Realtor / Closing - 10k
Assuming holding costs -5k
Our Price = 210K

Easy 20k +5k if you’re cash.

Overview:

• 1 Car Garage
• Bi level
• Built in 2003
• HOA $185
• Easy airport access
• Delivered vacant
• ARV Estimate: 245k
• Fix Estimate: Rental: $0, Flip: 5k
• 11/1 Close- 5k nonrefundable deposit required.
• oCounts towards the purchase price and is nonrefundable except when we can’t provide clear title or if seller doesn’t close.
• oBuyer pays all closing costs
• o1. Submit highest and best offer -- 2. Submit proof of funds -- 3. Deposit earnest money after offer is accepted.

*Property is occupied. Please do not approach. Call for a showing.

* Agents add 2.8% / Wholesalers add your fee on top

Photos

To be on our wholesale list click HERE