Tag Archive for: #fix and flip in Colorado

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.

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.

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.

FIX AND FLIP GUNNISON, CO.

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This property was purchased with hard money for a quick fix and flip.

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.

Investor Real Estate Loans funds investor loans in single family and commercial buildings.

Hard Money Mike  303-539-3000