Purchased: April 2021 @ $631,500
Sold: August 2021 @ $862,500
Location: Denver, Colorado

Project Details:

This 4 bed, 4 bath home in Denver was an impressive flip by our borrower.  A beautiful office and vaulted ceilings greet you as you walk through the door.  The kitchen was opened up and features soft close cabinets, upgraded appliances, and porcelain countertops.

The master bedroom and bathroom were expanded and upgraded.  New features include a stand-alone tub, oversized shower, and double vanity.  

Other improvements include:

  • Drywall
  • New Gazebo
  • New Roof
  • Interior/Exterior Paint
  • Solid Core Doors & Trim

 

Before Gallery

Purchased: May 2021 @ $355,000
Sold: August 2021 @ $495,000
Location: Denver, Colorado

Project Details:
This condo had great bones but really need an interior facelift.  Most of the home hadn’t been updated in nearly 40 years!  The before and after photos can show you how much work was completed inside.  

Some of the improvements include…

  • Adding a bedroom and bath in the basement
  • New paint and flooring throughout
  • New kitchen
  • Bathroom facelifts

Indicate Capital was thrilled to be a part of this project and our borrower did a great job turning this property into a beautiful home for a Denver resident.

Before After

Purchased: April 2021 @ $280,000
Sold: July 2021 @ $374,900
Location: Denver, Colorado

Project Details:
This two bedroom one bath home was a quick turn around for our investor.  The exterior of the home got a facelift with new paint and landscaping.  The inside of the home was updated as well with the following…

  • New flooring
  • Fresh paint
  • Updated appliances
  • Updated counters & cabinets
  • & more!

This project was a great example of a lower entry level cost that still worked out to be a great investment.

Purchased: February 2021 @ $255,000
Sold: June 2021 @ $475,000
Location: Westminister, Colorado

Project Details:
This beautiful brick ranch is located in Westminister, CO.  It features 5 bedrooms and two full bathrooms.  The open floorplan and finished basement made this project a quick mover.  Here are some more of the project highlights…

  • New flooring
  • Fresh paint
  • Updated appliances
  • New A/C unit
  • New water heater
  • Updated counters & cabinets
  • & more!

The finished product looks great and we are looking forward to the next deal from this borrower!

With vaccination rates up, our world is finally opening back up. Restaurants are filling up, businesses are re-opening, and the real estate market is booming.  We are still experiencing extremely high demand here in Colorado, with very low inventory.  Properties are selling anywhere from $30,000 to $100,000 over asking price, and the bidding wars are intense.  Average days on market are very low, with properties turning nearly overnight.  Investors are frustrated with the lack of inventory, and difficulty of locking down deals.  Wholesalers still seem to be buying up the majority of inventory, but still not the same volume seen in the past.  Access to off market deals has become even more important, and investors are getting creative to obtain their next deal.

It is always hard to say what the future holds, but we can be nearly certain that our market must soften at some point in the next year or so.  We are passing more and more regulations on real estate investors, rental owners, private finance groups, and the industry as a whole.  That, combined with interest rates beginning to creep back up and lenders working through bad loans due to the pandemic, should provide a softening in the market and growth in inventory.

All this being said, it is a great time to invest. Successful projects are yielding strong profit margins, regardless of rising material costs and the barrier to entry. Time is of the essence, and so is having a strong, vetted team to complete projects promptly.

Here at Indicate Capital, we pride ourselves on providing the best private financing experience possible. 

 We would love to chat with you about your next deal! 
Give us a call at (303) 567-6334!

Project Type: Fix and Flip
Address:  11436 W 26th Pl
City: Lakewood
Count: 5 bed/ 2 bath
Square Footage: 2,521 sq ft
Loan Type: Purchase and Rehab Financing
Project Type: Acquisition
Address: 6422 S Spotswood St
City: Littleton
Count: 4 bed/ 2 bath
Square Footage: 1,861 sq ft
Loan Type: Acquisition Only Financing
Purchased: December 2020
Cost: $570,000
Sold: May 2021
Price: $815,000

City: Lakewood

SFR Real Estate Numbers

 

Denver County (Colorado Association of Realtors, April 2021)
New Listings – 870
Sold Listings – 767
Median Sales Price – $650,000
Average Sale Price – $776,559
% of List Price Received – 105.5%
Average Days on Market – 9 days
 
Denver County (Colorado Association of Realtors, March 2021)
New Listings – 837
Sold Listings – 705
Median Sales Price – $630,000
Average Sale Price – $791,855
% of List Price Received – 104.1%
Average Days on Market – 16 days
 

Denver County (Colorado Association of Realtors, February 2021)

New Listings – 624
Sold Listings – 517
Median Sales Price – $585,000
Average Sale Price – $729,340
% of List Price Received – 102.8%
Average Days on Market – 21 days

Denver County (Colorado Association of Realtors, January 2021)

New Listings – 557
Sold Listings – 439
Median Sales Price – $530,000
Average Sale Price – $689,256
% of List Price Received – 100.7%
Average Days on Market – 24 days
 
Denver County (Colorado Association of Realtors, December 2020)

New Listings – 395
Sold Listings – 692
Median Sales Price – $548,250
Average Sale Price – $701,699
% of List Price Received – 100.4%
Average Days on Market – 20 days

Denver County (Colorado Association of Realtors, November 2020)

New Listings – 484
Sold Listings – 726
Median Sales Price – $566,250
Average Sale Price – $709,124
% of List Price Received – 100.5%
Average Days on Market – 18 days

 

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Looking for your next deal?  Check out New Western Acquisitions!  They specialize in finding off market properties for investors just like you!

New Western Acquisitions is a national wholesaler that provides a wide range of investment real estate inventory for the local real estate investor.

Check them out today!
720.547.9617
www.newwestern.com

Apply now to start the private lending process.
Do you have questions? Contact our originators today at Indicate Capital!

Tyler Ideker
Jesse Kajer
Davis Butler
Max Miller

303.567.6334
[email protected]
 

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