All Forum Posts by: Craig Renz

$535,000 Price

$125,000 Rehab

$800,000 ARV

Click Here for Comparative Market Analysis
Click Here for Pictures and Floor Plan

$7500 Hard Earnest Money

Must close by Monday 3/7/16

Please do your due diligence before making an offer. 

Agents and wholesalers, please add your fee. Price is net to Seller.

Feel free to contact me with questions.

Thank you.

Craig J. Renz

Renz Resource

Real Estate Investment Group

720.298.3567

renzresource.com

Hello! 

I am offering 2 adjoining lots perfect for Scrape and Build in the hot Platte Park neighborhood of Denver. The neighborhood is filled with new built duplexes and SFRs.

1964 and 1966 S. Sherman Street, Denver CO 80210

Approximately 6,252 sqft total between the two adjoining lots.

Currently two separate small SFRs...one on each lot.

Two separate purchase contracts being offered for wholesale purchase.

$640,000 for both. 

Must close by 10/21/15.

$12,000 non-refundable EM.

Call or email for answers to any of your questions.

Thank you!

Welcome! Feel free to contact me if you'd like to talk more about the Denver market.

Has anyone used Insider's Cash for lending?

https://insiderscash.com/

Any feedback is appreciated.

Welcome to BP! Feel free to contact me if you have questions about the Denver market. 

I have used Lending Home for my most recent flip. They have a relatively easy application and approval process but I did have some surprises. They held out until the last possible minute to provide final loan terms. They also don't tell you until after you request your first rehab draw that they will only release funds AFTER the portion that you are requesting is complete...this means that either you or your contractor is responsible to float the project until the funds are dispersed. You must submit photos of work complete to justify a draw. Very inconvenient, but this worked out since the draw process is pretty fast. Another challenge was that even though I voided the automatic draft permission in my loan docs (because I wanted to control payments and make them by check) they did an auto draw on my account. I raised a stink and they worked it out but this definitely rubbed me the wrong way. I'm not sure if I'll use them again, but as long as you aware of the challenges it is a good source.

Hi @James Reyes!

Welcome to Denver and BP. I have lived and invested here for the past 15 years and would love to connect and talk to you about how we might be able to help each other. Please PM me or call/email anytime.

Thanks.

I agree that math is math. But remember...garbage in = garbage out. If your assumptions are right then the analyzers are very useful. If your ARV is too high or construction budget or timeframe is too small, then you won't get accurate projections.

I find the the BP analyzers to be very simple and powerful tools.

Real Estate Investing has given me an opportunity to gain financial freedom...but more importantly, time freedom. Time is my most valuable asset...time with family, time with friends, time to do what I want, time to be with who I want, time to live how I want and time to be who I am. 

Hello all.

I have just discovered Privy. I'm interested to know if anyone else in BP is using this tool. It is only only available in select markets but it seems to be very effective at finding and analyzing MLS deals.

www.getprivynow.com

Thoughts?

Thank you.