Colorado Springs Hell House (Part 1) (Methodology)

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Manage episode 317596333 series 2820712
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Greetings, and welcome back #DealHunters. We hope you all enjoyed your holiday season, and we apologize if you missed us because we missed YOU!
Today, we're going to highlight one of our most successful and profitable flip projects of 2021. 4525 Churchill Ct. in Colorado Springs is located in the Broadmoor district, a prestigious and well-maintained community dotted with multiple million-dollar homes. The owners were originally using it as a rental, but due to the hardships of the pandemic, they were facing foreclosure. They were forced to put the home on the market and evict their tenants, and in the tenant's anger, they vandalized the property in an attempt to get back at the owners. MOST We acquired the home for just under $600,000 in the summer, and through the last two quarters of 2021, contractor issues, and just the general surprises that come when flipping a home in that condition, we were able to turn what had been deemed a "little slice of hell" into someone's potential dream home! Listen as Donny goes into detail about the experience that was the #SpringsHellHouse, and gain perspective on what goes into turning a large, high-end, nightmare home into the sparkling realization of a homeowner's dream!
Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
RentReporters
Here's a link to a few articles on the #SpringsHellHouse:
Little Slice Of Hell House In Colorado Springs Sells 1 Week After Being Listed
Colorado Springs House Dubbed, "Little Slice Of Hell" Makes Its Renovated Debut
"Slice Of Hell House" In Colorado Springs Up For Sale After Extensive Renovations

Want to get started?
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