Deal Analysis: Our Best & Worst Flips Ever
In this episode, Derek Marlin does a deep dive into his most memorable deals, including his top-performing flip and his most costly flop.
Derek gets into:
* Working with sellers to find solutions that meet their needs.
* Renovations that take longer than expected due to permitting issues.
* Analyzing real estate deals and comparing them to investing in the stock market.
* The profitability of real estate flips in Denver, Colorado.
* The challenges of the permitting process in Denver.
* The importance of working with contractors to get fair pricing.
* Recovering from a financial loss with an investment that had a negative ROI.
* Learning valuable lessons about pricing properties correctly in the Denver market.
* Dealing with slow sales.
* Tax strategies.
* Risk management and the importance of reserves for personal and business finances.
(To see the deal analyzing spreadsheets in action, watch this episode on Youtube here: https://youtu.be/uzd0xwCLQQQ)
Connect with Derek Marlin and ELEVATION Investment Properties!
Derek on LinkedIn: http://www.linkedin.com/in/derekmarlin
ELEVATION’s website: https://elevationinvest.com/
ELEVATION on LinkedIn: https://www.linkedin.com/company/elevationinvestmentproperties
ELEVATION on Instagram: https://www.instagram.com/elevationinvest/
ELEVATION on Facebook: https://www.facebook.com/elevationinvestmentproperties
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Watch “Raising the Flipping Bar” on YouTube: https://www.youtube.com/@ElevationRealEstateInvesting
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