Tag Archive for: #before/after flip

The Foundation of a Good Home

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The foundation of a good home goes a lot deeper than what you can see. Not to be too overtly obvious about it, it starts with the foundation of the home. Having a strong home means having a solid foundation.

 

There are some fix and flippers out there who may try to cover up foundational issues in the home in thinking about their bottom line. They see a crack going through the concrete floor and decide to put a new floor over top and not let the eventual buyer see that. They don’t want to spend the money and time to fix a large foundational issue with the home, it’s far too costly. Unfortunately, come a year later, that new homeowner now has cracks running up their walls.

 

We don’t work with those kinds of fix and flippers. We believe in integrity and honesty, and we don’t want to invest in those who try to trick people. The foundation of a good home starts with hard work, and a sturdy foundation.

 

Take this fix and flipper we worked with last year, the initial photos he sent us of this home showed many foundational issues, and a large part of his budget was put toward fixing those issues.

He knew that just putting up a wall or putting down a floor to cover the problems wouldn’t benefit the house or the homeowner in any way. It was crucial to fix these issues, and he had to do them right. It started with digging tunnels under the home to access the support beams. He placed foundation repair pilings under each major beam, used hydraulic jacks to lift the home to the correct level. Finally, support cylinders were placed under the beams and shimmed them to the proper height.

 

It’s not easy work, or cheap work, but it’s necessary work. The end result speaks for itself, and for decades to come. The new homeowner can be confident that they are living in a sturdy, good-quality home. They won’t have to worry about any foundational cracks peeking up anytime soon. This home can now be a “forever home” because it has a rock solid foundation.

Do You Need a Hard Money Loan?

With hard money loans, it’s very important to shop around. Every hard money lender will offer a slightly different type of loan, with slightly different requirements.

There is a loan that is perfect for your credit, your plan, and your property. You just have to find it.


Contact us for a Hard Money Loan

Check us out on YouTube

Hard Money Mike funds loans in Colorado, Oklahoma, and Texas.

Make Yourself at Home

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Many homeowners have a goal of making their home so comfortable and inviting, that they can say to anyone, “Make Yourself at Home”. For some, it comes easily, as they are natural caretakers and hosts. For others, it comes with much more effort. But the end result is always the same. People are so comfortable and have such a feeling of welcome in the home that they almost don’t want to leave.

That, right there, was the main goal that Ben had when fixing up and flipping this home. He wanted to provide this home with such a magical makeover that the new owners would feel as though their home was so inviting and cozy that they could welcome anyone in and offer them that homely warmth that we all love so dearly.

Ben knew that a lot of that comfort comes in how the home is furnished and designed. However, he also knew that a big part also comes from the house itself, and the feeling you get when you walk in. The bones and structure of the home go a long way in making the house feel a certain way. In addition, the flooring, paint, and appliance choices he made were an integral part of his ultimate vision. He wanted to provide a house that had the strong beginning and foundation of the warmth and comfort that would eventually be present in the home.

With his focus set, he was able to turn this house around in less than 5 months. He purchased the home for $157,000 and ended up selling it for $312,500! Not only did he accomplish what he set out to but made more of a profit than expected in this tough market. That goes to show you: giving a house that warm and fuzzy feel goes a long way. People who have homes that are so welcoming always want to share the warmth, invite people in, and say “Make Yourself at Home!”

Do You Need a Hard Money Loan?

With hard money loans, it’s very important to shop around. Every hard money lender will offer a slightly different type of loan, with slightly different requirements.

There is a loan that is perfect for your credit, your plan, and your property. You just have to find it.


Contact us for a Hard Money Loan

Check us out on YouTube

Hard Money Mike funds loans in Colorado, Oklahoma, and Texas.

Fix and Flipped Into the 21st Century

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Take a minute and imagine a 19th century home. Are you picturing an old, dark, creaking, small house? Well, this 2,545 square foot home in Colorado Springs just got fix and flipped into the 21st century. Christian saw this old home and saw nothing but potential. He purchased it for $347,500 with a loan for $397,500. With a $50,000 budget, he had a lot of work ahead of him!

 

Not only was the house full of 50+ year old plumbing and electrical, but the design aspects needed some serious updates. The flooring throughout the entire home needed to be replaced. The kitchen needed to be rearranged for a more open floor plan. The exterior of the home needed new paint, a new porch, and new siding. And overall, the home needed to be modernized and brightened up.

Look at this vanity choice for the master bath that Christian chose. It has a modern feel, yet it holds old-worldly charm. An excellent choice for potential buyers who want the home to still have a touch of 19th century grace.

Check out how he opened up this kitchen by lining up everything on the one side, and he brightened up the entire room with white cabinets and countertops. He had to install a smaller window to accommodate the new floor plan, but it was well worth it.

In just 6 months, Christian was able to completely renovate and revitalize this home and ended up selling it for $565,000. Overall, Christian flipped this 19th century home into a beautiful, appealing 21st century home while still holding onto the elegance and finesse that this home most assuredly had when it was first built.

 

Do You Need a Hard Money Loan?

With hard money loans, it’s very important to shop around. Every hard money lender will offer a slightly different type of loan, with slightly different requirements.

There is a loan that is perfect for your credit, your plan, and your property. You just have to find it.


Contact us for a Hard Money Loan

Check us out on YouTube

Hard Money Mike funds loans in Colorado, Oklahoma, and Texas.

Before and After Photos Fix and Flip Deal Denver, CO

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Here are some awesome before and after photos on a fix and flip in Colorado. The transformation adds value to the community and the investor’s pocket!

Hard Money Mike is a lender based in Colorado, lending money on all types of commercial based properties: fix and flip, land, whole tailing, and builder bridge loans.

Call Mike Bonn at: 303-539-3000 or email Mike@HardMoneyMike.com

Ohio Fix and Flip: Before and After Spotlight

Before and After Photos Fix & Flip Deal in Commerce City, CO

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Here are some Before and After photos from one of our clients in Colorado. This investor did a great job of transforming this property from an eye sore in the neighborhood to a gem! The investor and the community win on this one!

When you go through Hard Money Mike, you can count on a quick and easy process for rehab projects like this one located Commerce City, Colorado. Hard Money Mike offers a large pool of lenders to find the right fit for your project.Hard Money Mike is a lender based in Colorado, lending money on all types of commercial based properties: fix and flip, land, whole tailing, and builder bridge loans.
Call Mike Bonn at: 303-539-3000 or email Mike@HardMoneyMike.com