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.

IMG_0215IMG_0223

 

 

 

 


Warning: Missing argument 1 for cwppos_show_review(), called in /home/betterf9/public_html/wp-content/themes/flat/content-single.php on line 29 and defined in /home/betterf9/public_html/wp-content/plugins/wp-product-review/includes/legacy.php on line 18

Leave a Reply

Your email address will not be published. Required fields are marked *