How to Rehab a House » Shades of Green Real Estate Rehab Investing Colorado Springs Lynda Cink

Wholesale Events

Lynda Cink — Sun, 13 Jun 2010 17:35:40 +0000

If you have not attended, you might want to check out our latest and greatest “Networking for Success” Real Estate Wholesaling Events. The last Friday of every month local investors attend this event to buy and/or sell properties that distressed and ready for renovations. If you are interested in attending, check us out at: http://www.meetup.com/Networkers-in-Real-Estate/

Once you click ‘Join’ and add yourself to the group, you will receive emails and updates as properties become available. Those who act fast, reap the rewards!

Here are a few of what April and May events brought to our investors:

Clarendon Rehab Continues…

Lynda Cink — Sat, 17 Apr 2010 05:57:50 +0000

This is going to be such a cute house when we are done with all the renovations. The kitchen is moving into place, carpet is on order, and the bathrooms are next on my list! Check it out:

Clarendon Rehab Day Two

Lynda Cink — Mon, 12 Apr 2010 01:54:14 +0000

Day Two of our flip begins on Sunday, April 11th at 9am…that’s right, it’s a Sunday. This rehab is moving ultra fast to keep up with the ever changing market.

During the night we had interior paint and tile work getting done. The kitchen, dining and entryway were all tied in together.

This morning we laid out the kitchen cabinets to make sure we had everything we needed. Every now and then our vendor will mix up a piece or two, so I wanted to be sure we were good to go for Monday morning. We also finished removing the wall paper border that was started the day before.

All the outlets and switches were updated as needed. We were missing a couple GFI’s in the kitchen and baths, so that has now been fixed.

All of this is great, but I must say the best part of my day was the landscaping. First thing this morning we pulled weeds and removed a couple pesky trees, turned some soil and then planted some new bushes and flowers. The afternoon brought us a lush dark green lawn. I’m sure our neighbors love me and hate me. The house and yard is looking beautiful…I guess they need to do some work to keep up! lol

Here are some pics for you:

Clarendon Rehab Begins

Lynda Cink — Sun, 11 Apr 2010 03:56:06 +0000

What a cute house already! Watch as we flip this house…

Defog Windows Professionals

Lynda Cink — Tue, 16 Feb 2010 06:02:02 +0000

In an attempt to “Go Green” on this fix’n flip project, we decided to keep the original windows instead of throwing them out. We learned that for a couple hours and few dollars it is worth calling some local professionals to defog and clear up this beautiful window. Check it out:

215 Security Rehab Complete

Lynda Cink — Mon, 15 Feb 2010 04:31:11 +0000

This one took a little longer than normal, but WOW what a product! We are going to list it for 109,900…check it out:

Doniphan Rehab ~ Ready 2 Go!

Lynda Cink — Wed, 20 Jan 2010 06:21:51 +0000

Renovating this home was a wonderful experience. We restored the hardwood floors to a beautiful Mahogany finish. Marble replaced the old Formica counter tops; Brushed Nickel replaced brass and tile replace linoleum. We spared nothing on what was supposed to be a standard Fix and Flip job. See for yourself:

New Turf!

Lynda Cink — Wed, 06 Jan 2010 05:18:51 +0000

Check this out! My partner and I just got a new deal and are hoping to close mid January. Teehee, should I tell her I already have an interested buyer?

Everett Fix n' Flip

rehabber — Tue, 05 Jan 2010 06:16:12 +0000

My wonderful friend Candy and I are partnering on this deal! Another Rich Woman partnership…that’s 2 in the same week!

Can you believe this Diamond in the rough has FIVE bedrooms and TWO full bathrooms? It looks so small and cute from the outside, you’d never guess by just passing by…

The FASTEST Flip Ever!

rehabber — Thu, 24 Dec 2009 00:53:47 +0000

There is obviously a story behind this, it would be extremely difficult to work a deal this quickly without one…

A good friend of mine, Michael Jake, secured this property under contract and wasn’t sure what he wanted to do. Buy it for 73k, put 20k into it and then retail it for 125k…? Not a bad deal. A mutual friend of ours, Shane Bruckner, had a buyer for the property that qualified for 90k. The buyer really wanted the house before Christmas, but could not buy it in its current condition.

Michael calls me up and asks if I wanted to buy the property from him, fix it up to meet the buyers’ lenders conditions and then sell to the end buyer for 90k. It sounds good, but it’s getting a little skinny now.

I called up a couple of my contractors to see what they could do for me. I told them the situation and I got one to work with me. We put less than 5k into the property, took a week to fix’er up, and the rest is history!

Normally I wouldn’t do something this skinny, but that’s the joy of being a full time investor. I was able to do this deal, give someone a nice Christmas present, and keep my contractor working during the hardest time of year. Even though I didn’t make a lot of money on this deal, I was happy to just to pay it forward!

Cost of Aquisition: 78k
Cost of work: 5k
Sales Price: 90k
The smile on everyone’s faces who participated in the deal: PRICELESS!