Case Study - Thornton Heights East Fix n Flip
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BEFORE
New Investor’s First Flip
Basics
Purchase Price $248,000
Rehab Budget $40,000
Sold Price $366.000
Deal Profit over $30,000
Repairs Made
Structural
New Roof
New Flooring Throughout
Finished the Basement
Replaced Furnace & A/C
Added Landscaping and Improved Front Steps
Savings Idea
Investor was originally going to get new Cabinet Fronts or New Cabinet Systems, but decided that the cabinets were salvageable and instead painted the cabinets and fronts to save substantial money in the rehab budget.
AFTER!
progress photos below:
DIY Projects You Can Do in Your Rentals
/If you are an active real estate investor, it is likely you have rental properties.
When getting your rental properties to cash flow, you need to save money whenever you can. If you are just starting out, it is possible to do quite a few things yourself to save on your maintenance costs. Below are some of the things we see real estate investors self perform:
Drywall Patches Between Tenants
Painting
(while certainly not a fun gig, if you have the patience, it can save you quite a bit of money)
Mini Bathroom Remodels
If you’re looking at ways that you could possibly look to increase rental rates, consider some upgrades. A little can go a long way to what a renter is seeing.
Carpet Cleaning
Renting a carpet cleaning machine from a local vacuum store or big box like Home Depot or Loewe’s.
Minor Landscaping
Curb Appeal like adding mulch can make your rental property more desirable to tenants
Replacing Light Fixtures
We hope that these ideas get your mind working to see how you could possibly save money by self performing some improvements to your rental properties between renters.
Case Study - Riverwood New Construction
/New Construction in Riverwood Neighborhood of Breckenridge, CO
Finished Home
Vacant Lot with Trees and Boulders
Basic Info
Purchase Price Land $487000 in October 2017
Sold Newly Constructed Home for $2,995,000 in January 2019
Market Value of Property
