Friday, March 10, 2006

Boulder Fix 'n Flips

by Osman Parvez


A few weeks ago, we prepared an analysis for a client of last year's fix 'n flips in Boulder. "Fix n' flip" defined as properties purchased, repaired or remodeled, and then resold for a substantially higher price within a few months.

After analyzing 2005's sales data, I came up with four properties that were clear examples in the City of Boulder. Three projects had enough profitability to be successful, with an average purchase price of $427K, gross profit of $156K, and holding period of 188 days. One looks like it just broken even.

The analysis includes "before" and "after" MLS sheets with color photographs. I've also spoken with a few of the agents involved to get more details and am happy to share info with prospective clients.

For obvious reasons, I'm limiting this to those open to establishing a professional relationship. If you'd like a copy, please leave your name, phone number, and email address on the contact page along with a little note indicating your interest and I'll get in touch. Also, feel free to call me at 303.746.6896

p.s. a few readers have expressed some interest in getting together to discuss these projects. If you're still interested, drop me a line and lets set up a time.



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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

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