A recent article from the Denver Post highlights an emerging trend in residential home flipping away from foreclosures, primarily because the availability of these properties is so limited. These seasoned flippers are having to be more aggressive in their search, turning to other methods to secure investments, such as wholesale deals, assignable contracts, word of mouth, etc. Despite the drop off in foreclosures, there is still solid opportunities for good profit margins for residential flippers in the metro area’s booming residential real estate market. Colorado flippers must continue to be persistent on strategic acquisition of value, understanding renovation costs and holding times, and not overestimate market value appreciation when looking at a properties ARV.
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