Investors – October News
Fixing and flipping has gone out of vogue the past few years as investors claim they can’t find properties cheap enough to make the effort and risk worthwhile. But it turns out that the gross margin for fix and flip has actually RISEN over time, making us think that perhaps it’s time to relook at this investing strategy.
One of the investors in our office purchased a fix and flip property in Arvada back in the spring for $95,000. She did a major fix up project and produced a very nice product. We put it on the market in June. We had several offers that didn’t pan out but ended up selling it in August for $165,000, giving her a solid profit. We’re now out looking for our next project.