Tips for Flipping a Foreclosure

fixer upper deal

Flipping a Foreclosure

Whether you’re interested in flipping a foreclosure to sell or rent out for income, the process can be a bit daunting. Here we’ve compiled a list of expert tips to help you navigate the waters of turning a foreclosure property into a profitable flip.

  1. Know your market. Flipping in Denver takes more money than in areas with lower home prices. While you can find good deals, foreclosure prices will still be higher here than in areas that aren’t growing as quickly.
  2. Make a full-price offer. Like any investment, successful house flipping hinges on buying low and selling high. But where the past few years may have seen opportunities to buy at deep discounts, today’s flippers might have to pay full price.
  3. Find a pro. If you’re not familiar with the foreclosure purchasing process, it’s imperative to hire a real estate pro who experienced with these types of transactions. Trust us – you’ll be glad you did.

If you’re thinking of purchasing a foreclosure for flipping or rental opportunities, the experienced professionals at Metrowest would love to help. We specialize in these types of transactions, so contact us today to get started!

Ken Blevins

About Ken Blevins

Ken Blevins, CEO of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 24 years of experience in collections, foreclosure/bankruptcy, loss mitigation and real estate disposition (REO). Blevins was an original co-founder of Metrowest in 2003, a Real Estate Brokerage and Services Company focused on the resale, recovery and liquidation of distressed real estate in Denver, Colorado and surrounding metros. Blevins assumed the role of CEO in January 2014 and provides strategic direction and has management accountability for the day-to-day operations. Under his direction, Blevins drives all default management operations to maximize asset value recovery and reduce loss severity through a strategy focused on customer service and state of the art technology. Blevins has 18 years of direct operational experience in all facets of REO Asset Management having managed large national REO Disposition contracts for Fannie Mae, Freddie Mac, Wells Fargo, JP Morgan Chase, CitiFinancial, GMAC Mortgage and other various financial institutions. Blevins specialties include REO asset management, real estate investment, bulk REO acquisitions and distressed asset recovery and liquidation, and he has directed the resolution and liquidation of over ten billion in institutionally-owned residential real estate.

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