Where are the deals? Where do you start? How do fix-and-flip results compare from one neighborhood to another? What kind of gross margins should you expect in certain areas?
I'd start with this very helpful map. It provides a great overview of the area for current and future investors. I have a map for the entire Denver metro area, but you'll see that I've zoomed in to one area to briefly explain the important elements for you.
1. A total of 8 properties were fix and flip properties.
2. The average purchase price of these 8 properties was $187K.
3. The average sale price of these 8 properties was $337K.
4. As a result, the average gross margin was $150K. It's important to remember that this does not indicate the investors' profits earned - this doesn't take into account the cost of the rehab that was done on the home to sell it at that price.
Do you have a specific area you'd like to learn about? Feel free to message me, contact me at 303-929-7844, or email me at Drew@mynewera.com. I'd be happy to help.
All the best,
Drew Morris
"Denver Area "Fix and Flip" Map" by @Realtor_Drew on @LinkedIn https://t.co/C7WfHa5mtO #denverrealestate #denver #investing #Colorado
— Andrew (Drew) Morris (@Realtor_Drew) December 9, 2015