36 Showings in 3 Weeks & Grandma Still Tanked the Deal

In this episode, I'm breaking down another Deal Analysis — one of my favorite formats on this show because it's not guru talk, it's real numbers from a real deal we just closed. This one turned into a wild ride: a rough Arvada property that wasn't ready for the market, a textbook acquisitions process, a tight rehab budget, and a sales process that had 36 showings in three weeks before a buyer's grandma tanked the first contract three days in.I walk through exactly how we found the deal through our cold calling program, the numbers behind the rehab, what it's like managing a project alongside real estate students from the EPIC school, and the pricing lessons we learned the hard way when the deal almost didn't close.If you want to see what a real "bread and butter" flip looks like from acquisition to close — including the mistakes — this episode is for you.🎓 Quick shoutout on this one: this deal doubled as a project for students in the EPIC Campus real estate track, an entrepreneurship program we've supported through Littleton Public Schools for three years now. First semester, students come into our co-working space at the Broadway Collective and learn the fundamentals of real estate investing. Second semester, they get to work a live flip as their class project — which is exactly what happened here. The students walked this property, sat in on a full presentation covering deal analysis, project management, and design, and one of them even talked us into a gold toilet for the primary suite. Learn more about the program here: https://www.littletonpublicschools.net/o/epiccampusProperty: 8506 Union Circle, Arvada, CO 80005 🔗 See the full listing on Redfin: https://www.redfin.com/CO/Arvada/8506-Union-Cir-80005/home/34337037📸 Before & After Photos 🔗https://drive.google.com/drive/folders/1u28IejhRToqfjXADeLzDdbsMB_kPHPPs?usp=sharingEpisode Highlights: 0:00 – Introduction and Overview 1:13 – Deal Analysis: The Property Background 4:59 – Acquisition Process and Cold Calling Campaign 9:58 – Rehab Strategy and Design Choices 17:34 – Sales Strategy and Market Response 20:40 – Financial Metrics and Profit Analysis 30:06 – Conclusion and Future Opportunities🚨 We're Hiring a Real Estate Agent 🚨 I'm looking for one more agent to join our team — someone who's a beast on the MLS, great at writing offers, and skilled at building relationships with other agents. If that's you, email me at [email protected] or text 720-545-0490.📘 Want Our New Investor Ebook? Be on the list to get our latest investor ebook. DM "EBOOK" or email: [email protected] you for tuning in to Raising the Flipping Bar. If you found value in this episode, don't forget to leave a review and share it with someone who's serious about real estate investing.Until next time — keep raising the bar, and I'll catch you on the flip side!Connect with Derek Marlin and ELEVATION Investment Properties!Derek on LinkedIn: http://www.linkedin.com/in/derekmarlinELEVATION’s website: https://elevationinvest.com/ELEVATION on LinkedIn: https://www.linkedin.com/company/elevationinvestmentpropertiesELEVATION on Instagram: https://www.instagram.com/elevationinvest/ELEVATION on Facebook: https://www.facebook.com/elevationinvestmentpropertiesSubscribe to “Raising the Flipping Bar” on your favorite podcast platform!Spotify: https://spoti.fi/3ByYmxvApple Podcasts: https://apple.co/3WbUCeQWatch “Raising the Flipping Bar” on YouTube: https://www.youtube.com/@ElevationRealEstateInvesting#RaisingTheFlippingBar #RealEstateInvesting #FixAndFlip #DenverRealEstate #ArvadaRealEstate #DealAnalysis #HouseFlipping #RealEstateTips #InvestmentStrategies #ColdCalling #RealEstateAgents #RealEstateEducation #ElevationRealEstate