Hope everyone is having a stress free tax day first off! I have a sick kid today, that is where my stress and lack of sleep comes from on a warm afternoon in the front range of Colorado.
Today’s daily bank foreclosure for sale is up in Longmont, Colorado. For those of you not familiar with Longmont, it is about 10 minutes north of Boulder and just under 100,000 people call Longmont home. This Boulder County bargain foreclosure is a 3b/2b ranch home on a large lot close to everything you’d want to be near in Longmont, as well a short drive and easy access to Boulder. List price is at $181,900, ARV is coming in around 275k, with about 35k needed for repairs. This scenario is based off a rehab/fix and flip scenario. If you are looking to buy and hold, probably 10k would be needed for repairs. Longmont’s rental population is aprox 32% as well.
Things are heating up in more ways than one in CO these days, just this week our marketing numbers increased by about 30%, which is usual for our market this time of yr, making it a great time for a rehab project!! Contact me for more info on this specific property, or to get signed up for our “daily hotsheet” that gives you the day’s hottest deals, many above a 40% discount!!