Tag Archive for: #fix and flip hard money

Fix and Flipped Into the 21st Century

/in

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.

Fix and Flip in Pueblo

/in

It is so inspiring to see a successful flip, especially when the house is run-down and in dire need of some upgrades. When you can look at the before and after photos and truly be in awe at what has been accomplished, it sure does feel good!

A Fix-and-Flip in Pueblo

When Dave and Justin saw this home in Pueblo, Colorado, they didn’t see a weathered, broken home. They saw a fantastic opportunity, especially with a low purchase price of $92,720.

It’s a small home, only 955 square feet, 2 beds and 1 bath. The previous owners had the house packed full of stuff, with hardly any living space. But once it was cleared out, these guys had their work cut out for them. The bathroom needed a full remodel, the kitchen needed a facelift, the bedrooms and living space needed new carpet and paint, and the exterior needed a new roof, shutters, and paint.

That sounds like quite the scope of work, but with limited labor cost (Dave and Justin doing the work themselves), they set their budget at$10,000 and got to work.

They completely gutted the bathroom and finished it off nicely with a black and white theme and a laminate wood floor. The vast improvements in the kitchen included nice stainless-steel appliances, wood floors, black granite countertops, and crisp white cabinets. The exterior of the home was perhaps the biggest improvement of the whole project. With freshly painted siding and shutters, a new sleek roof, and an eye-grabbing new design for the front yard landscaping, these guys really made the home look as charming as ever.

Incorporating neutral colors and clean lines into a renovation can have broad appeal and attract a wide range of buyers. The design decisions these flippers made paid off in the $180,000 sale of this Pueblo property.

 

Ohio Fix and Flip: Before and After Spotlight

BEFORE AND AFTER FIX AND FLIP GRAND JUNCTION, CO

/in

Look at this great fix and flip deal from one of our clients in Grand Junction, CO!

Changing neighborhoods one house at a time this investor is bringing value to the neighborhood and cashing in on a good investment!

Let’s all keep making these communities better and enjoying a profitable rehab.

When you go through Hard Money Mike, you can count on a quick and easy process for rehab projects like this one located in Grand Junction, Colorado. Hard Money Mike offers a large pool of lenders to find the right fit for your project.

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