Foreclosure Case Study #2 / Hackamore SFR $10,000 Profit

IMG_0224I have been buying distressed property for over 15 years and I am still constantly surprised at some of the deals you can find.  There was nothing extraordinary about this particular project.  It represents your average flip. There are a few things I noticed regarding this particular property.  First, it was in a great central location in Colorado Springs.  Within the neighborhood, it was on a cul-de-sac.  I spoke with both neighbors and they were very nice.  When I got inside, I noticed it had a great layout.  It also had newer windows and a very awesome view of the mountains. It had a massive back yard.  And finally, it had an unfinished basement…which is rare for a tri-level.

This is what the property looked like (for the most part) when we purchased it at the auction.

Here is the quick analysis we did and a look at the final resultsl

Again…nothing special.  This is what an average deal looks like.






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