Colorado Springs Real Estate Investor Association
March 6th, 2018 - The 4 Basic Avenues of Real Estate Investing
Wholesaling / Whole-Tailing
Gunshot Pass Drive 3D Virtual Tour
Purchase Price = $156,557
Sold Price = $211,500
1658 Dorchester Drive Virtual Tour
Wholesale Price: $107,000
After Repair Value (ARV) = $165,000
7169 Dark Horse Place 3D Virtual Tour
Purchase Price & Date: $280,000 on 5/25/17
Sale Price & Date: $345,000 on 9/1/2017
Rentals / Buy & Hold Properties
- Single Family Vs Multi-Family Pros & Cons
- AirBnB
- "House Hacking"
- Property Management
Fix & Flips
- The 70% Rule No Longer Exists
- Know Your Numbers
- Know What Renovations Bring Value and Which Don't
- Live-In Flips
- Know Your Contractors and Work With Referrals
- Good Example: 612 Hilltop Drive
- Purchase Price: $125,500
- Sold Price: $250,000
- Bad Example: 315 Cheyenne Street
- Purchase Price: $57,500
- Sold Price: $50,000
Hard Money Lending
- Be The Bank!
- 8-14% Interest Rates
- 1-4 Points
- Fast Closings
- Few Documents Required To Close