So I went to the Arapahoe County auction today to bid on a couple properties for ReLogic, and ended up winning on both of them! With so many distressed properties in Denver real estate and the fact that the residential market continues to be slow, we have started to buy properties at auction and either flip them or rent them. And we just so happened to score two of them today. One may get redeemed out from under us via an HOA lien, but all in all it was a good day. Now we’ll have to rehab the property and get it ready to be back on the market in the next 30 days, but with the ARV (after rehab value) should leave us with a pretty nice margin.

Filed under: Denver Real Estate News