Tag Archive for: #fix and flip hard money

Home Run

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From start to finish, Evan really hit a home run with this one. Evan, one of our most esteemed sluggers when it comes to fixing up homes, saw this house and was immediately determined to get it out of the bush leagues and into the Big Leagues.

 

The people selling the house had really let it fall to pieces, and the purchase price was set at $169,000, which was below market at the time. There was some interest, but because of how much work needed to be put into the home, Evan came out on top with the bases loaded.

Rounding First

Evan had to start at the bottom with the foundation. There were cracks in the concrete throughout the home, which hadn’t reached the walls yet, but would have if left much longer. He dug tunnels under the home to access the support beams, then placed foundation repair pilings under each major beam. He lifted the home to the correct level, installed support cylinders under the beams, and shimmed them to the proper height.

Rounding Second

Next, he moved on to the floors and walls. The entire house needed new floors, including carpet, hard wood, and laminate. For both the floors and the walls, he kept his color theme neutral and went with grays and browns throughout the home, so as to make the home able to flow with any interior design that the eventual new homeowners would want.

Rounding Third

As he was nearing home base at this point, he had some last-minute touchups that were in desperate need. The kitchen needed new cabinets and countertops, and the bathrooms needed new countertops and sinks. He also spruced up the landscaping around the home to really make the house look sharp from the outside in.

Bring it Home

Evan really was the “cleanup batter” for this house. The bases were loaded – the house needed a lot of work. And with a full count staring him down.. BOOM! A dinger! A bomb! A Moonshot! He slammed it out of the park and brought it home strong. He ended up selling the property for $299,900 to a very eager couple excited to grow their family in that house. Nothing better than a Grand Slam to help bring this house into the Bigs.

 

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.

The Best Seat in the House

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The “best seat in the house” is most commonly known as having the best seat in a theater. But for one of our flippers, her goal for every house she flips is to leave it with the new owners having The Best Seat in the House. She says that this spot in the house, which is different for every home, defines the home and is the point at which she starts and finishes her renovations. As we love hearing her say, “It’s the heart of the home”.

 

To her, flipping a house isn’t just about the renovations and the fixes. It’s about the overall improvement of the home. It’s about bringing life and love back into the home and getting the home back to a point that it can support its new owners to its fullest extent.

 

When she found this particular house, she knew almost immediately that the best seat in the house belonged in the living room. This room had a beautiful rustic brick wall, a fireplace that had immense potential to bring warmth and comfort to the room, and a gorgeous view out of a large bay window. So, as is her way, she started in this room and spread out from there.

The house needed new floors, new paint, and the bathrooms needed gutting and renewal. That’s not including the kitchen, which needed all new cabinets and appliances.

To break down the numbers, she bought this home for $135,000. She spent 4 months and $45,000 on the renovations and fix-ups. In the end, she was able to sell this home to the excited new owners for $239,900! She told us that one of the things that helped her sell this home so quickly was, in fact, the best seat of the house. It’s a unique way to show how much potential a home has. A lot of the time with house-shoppers, it’s about a feeling that they get when in the home. Having them sit down in the best seat of the house is a tremendously successful way for them to get that warm and fuzzy feeling.

Moved by curiosity, we asked her if she had a Best Seat of the House in her own home. She replied, “Absolutely we do, but if you want to sit there, you have to move the dog.”

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.

Trash to Treasure

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One of our favorite parts of this business is witnessing a property go from trash to treasure. This property in Texas was purchased by one of our Great’s when it was in a very rough state. The history of the property involved abandonment, poor renters who didn’t care for the place, to more abandonment. There was a lot of work to do. But this particular fix and flipper had an eye for properties like this. He can see through the rot, past the trash, and see what potential the house has.

 

He started with the foundation and bones of the house. There were foundational cracks, mold, and rot throughout. It was a necessity to take care of all of that first and foremost. A good, solid house needs upstanding and sturdy bones.

 

He moved on to the kitchen and bathrooms, both of which needed some upgrades and serious TLC. With new floors, tile, and appliances, the kitchen made a complete 180°. He went with a clean, white look and the place really sparkles.

For the bathroom, the whole thing needed replacing. He put in a nice jacuzzi tub, which really adds a nice touch to the feel of the bathroom. A modern, sleek vanity mirror combo catches the eye and invites people in with raised eyebrows. Finishing off the look with smooth walls and ceiling, exquisite tile floors, and a brand-new window, this bathroom sure is a treasure to behold.

Finishing the rest of the home with this same effort and determination, the house was flipped into a home and the new buyers couldn’t wait to sign on the dotted line. When the house was trash, it was purchased for a measly $135,000. When the house was flipped into treasure, it was sold for a whopping $230,000. And it took just 4 months to do it! With a solid crew at his back, our guy turned this home into something he can always be proud of. And this home is packed full of treasure and will never be trash again.

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.

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.

Homegrown Happiness

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Homegrown happiness is a goal that every homeowner has. This home, recently flipped by one of our long-time, outstanding flippers, Ryan, goes far beyond homegrown happiness. The happiness doesn’t start when you walk in the door, it starts when you walk onto the property. What he did to the land and the exterior of the home is really what makes this house shine.

When he first walked onto the property, it was as though the land was trying to take back the area and swallow the house back into its wild, arboraceous garden. There was a thick foundation of old, decaying leaves covering the land from the edges of the house all the way out to the fence lines. There were dead tree limbs laying to and fro. The fences around the property were cracked, stained, and partially uprooted. Ryan knew that he had to start on the outside if he even had a chance of pulling this house out from under this mess.

With a good landscaping crew alongside him, they whipped this place into shape quickly. Give a little TLC to the land, and it will give it right back to you in spades. Homegrown happiness is found with a bright green lawn, sparkling new white paint on the fences, and the trees trimmed and happy. This property had an entirely new feel to it. It was welcoming and comforting. It made people want to take a deep, full breath and just enjoy the scenery.

And on top of the beautiful landscapes outside, he turned the interior of the house into a shockingly charming home. It goes to show that a homegrown happiness is only truly found if both the interior and the exterior of the home reflect the TLC that you put into it.

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.

Go Big or Go Home

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You’ve heard of the saying, “Go Big or Go Home”? Well, why not make it “Go Big AND Go Home”? With what we saw happen with this property in Aurora, CO, we can confidently say that Phil, the fix and flipper, pulled out all of the stops in order to make this house a home.

 

Purchased in mid-summer at $188,500.00, the house was in rough shape. Phil set his budget at $45,000.00 with everything from demo and new paint to new hardwood floors and updated appliances. Due to his keen knowledge of the area and the upper class neighborhoods nearby, he knew he had to bring his A-game, so that he did.

For instance, take a look at this half bath. He completely gutted it and replaced it with a modern, sleek look. He re-textured the walls, put in new floors, and finished it off with a gorgeous new vanity with a drop-in sink. Talk about jaw-dropping.

We move into the kitchen and see that his A-game didn’t stop in the bathroom. Again, he completely gutted it and put in new floors, new tile, new appliances, and new paint. Everything is sparkling and new. Almost too luxurious to cook in, right? No way, this kitchen offers any chef the ability to make scrumptious masterpieces that look as good as the setting they were made in.

The fact of the matter is, Phil took this home from rags to riches. He saw the beauty underneath what was left by the previous owner. And a good thing he did! He ended up selling this house for $330,000.00 after only 4 months of solid work! That’s an incredible payoff and he earned every penny. There is no doubt about it, he went BIG and made this a 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.

Home on the Prairie

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This ambitious fix and flipper turned this run-down home into a true home on the prairie. One of our expert flippers down in Pueblo, CO saw this home on Prairie Street and put in an offer right away. It wasn’t completely lost, and it had major potential. He purchased the 1,077 square foot home for $145,000 and had a $30,000 budget. His scope of work included updating the exterior siding, refinishing the kitchen and bathrooms, and repairing the plumbing and electrical. No easy feat!

Prairie Street is in an older neighborhood, but a lot of the homes have been updated. He wanted to make sure the charm of the home remained, while still giving the home a new and modern appeal. It all started with the kitchen. He fixed the plumbing and electrical, and then proceeded to install new cabinets, floors, and appliances. The kitchen is one of the centerpieces of the home, and he knew he had to make this room stand out. He went with a sleek look of a white subway tile backsplash, pure white cabinets, stainless steel appliances, and a grey-tones granite countertop. This design really gives off a clean and modern look, while still leaving room for the homeowner’s design choices to add some fun color.

Next, he did the same with the bathrooms by getting them fully renovated with a new and sleek look. As a result, it’s really stunning when you look at the before photo compared to the after!

Lastly, he made sure not to forget the exterior, and he cleaned up the siding and added a fresh coat of paint. Curb appeal is not something to forget, and he really brought this prairie home back to life.

He did all of this amazing work in just 4 months and was able to sell the home for $257,000! Talk about a comeback for this cute Home on the Prairie!

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.

Wild, Wild Flip

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When you think of Grand Junction, Colorado, do you think of a wild, wild flip? More likely, you think of the beautiful, wild wild west. The arts, the culture, and the rustic yet charming lifestyles. That’s precisely why Ted has set down roots here in Grand Junction and has a roaring fix and flip business. He’s one of the best in town, and he turns rundown homes into jaw-dropping beauties.

Let’s take a look at this 1,720 square foot home on Indian Creek Road. It was built in the late 70’s and looks like it hasn’t been updated since. Ted saw this 3 bed/2 bath home for what it’s potential was and got right to work. He purchased this home for $262,000 and set his budget to be $30,000.

Fortunately, the structural integrity of the home was not bad. So, Ted put all of his focus on remodeling the home by bringing it back to life by way of new floors, new paint, and a new layout. You can see the living room here. It looks drab and dull, with not much life. This room needed some brightness. He put hardwood floors in, painted the room white, smoothed out the ceiling and added pocket lights for a more modern appeal. And the best part, he replaced the windows, took down those old curtains, and let the sunshine do the rest.

Additionally, the kitchen needs a facelift, but only in its design. The floors and appliances needed replacing, and the cabinets needed fresh paint. It’s not much work but look what a difference it makes!

After only 3 months, Ted ending up selling this home for $385,000! This is just another example of how fix and flippers are changing our world for the better. They’re turning these rundown homes into beautiful SFHs that people can be proud to live in. Grand Junction will always be the wild, wild west, even with this wonderful wild, wild flip.

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.