As active fix and flip investors, we take pride in being a professional house flipping company. We buy distressed homes for sale in Colorado Springs and renovate them to sell. We also offer these distressed properties for sale as is to fellow companies to renovate themselves. If you are interested in joining the industry of home buying companies to flip properties but do not know where to start, you have come to the right place. We have a number of un-remodeled houses for sale for you to choose from to get your business rolling. What we typically find is that business sell properties with very little margin or supporting comparable sales. Therefore, we look through hundreds of properties before we find one that meets our criteria of having comparable properties to support the price. Some people may find themselves in a bind and need to get their property off their hands stat! We aim to buy and sell homes fast, it’s in our name! Whether you are a wholesale buyer searching to purchase distressed homes for sale in Colorado or an individual looking to buy the renovated property we have flipped, we offer the properties anyone is looking for! At 550Fast, we deliver properties that are truly below market. The definition of “below market” is subjective, however. If you ask ten different investors, you’ll get ten different answers.
Here’s how we define “Below Market”:
- Must have 3 “sold” comps that are within a one-mile radius of the subject property. The 3 comps must be within ~200 square feet +/- of the subject’s living space.
- 2. Subject property must be at least 20% below the average of the 3 sold comps. It isn’t easy to find these types of properties. Our company spends thousands of dollars on marketing and countless hours searching for deals that meet this criteria so we can buy houses for cash that meet our standards.
INSTRUCTIONS FOR SUBMITTING AN OFFER TO OUR HOUSE FLIPPING COMPANY:
1. Download the Contract Package
2. Fax or Email Your Offer
Please fax or email your offer to 877.204-0244 or you can email it to craigdillion(at)550-Fast(dotted)com.
3. Deposit Earnest Money Below
$2,500 non-refundable earnest money deposit is required for your offer and contract to be complete. Earnest Money is only refundable if clear title cannot be provided. You may wire or drop off funds to:
Heritage Title Company
90 S Cascade Ave #950,
Colorado Springs, CO 80903
Phone: 719.592.9933
Unless your offer is all cash, you’ll need to be approved with a hard money lender and submit proof of funds or approval letter with the offer. Once you have completed the contract and addendum, please fax them back to 855.550.3278.
To view the distressed homes we have for sale in the Colorado Springs area, please contact the office at 855-550-3278 to make arrangements to obtain access.
Most of our houses we buy for cash are sold very quickly to home buying companies looking to renovate. We do, however, take backup contracts. Because of the deep discounted prices we have negotiated on, the properties we re-sell to investors, and the small margins we work off of, we are unable to negotiate on the prices offered. We provide real values and discounted prices on the wholesale properties we offer.
We will be glad to refer any contractors, appraisers, attorneys, property managers, etc.. if we are aware of any in the area of the property, you must interview them and make your own decision about relying on their information or services. We highly recommend getting detailed descriptions in writing with any vendor used.
As a company that specializes in flipping houses fast, it is extremely important for you to close on the anticipated closing date in your contract to avoid penalties. We take each and every offer very seriously and strive to provide a wide selection of distressed homes for sale in Colorado to help others succeed.
ALL OFFERS ARE SUBJECT TO PRIOR SALES AND WITHDRAWALS.
“I have nothing but GREAT things to say about this company. The quality of work and character of the owners is 2nd to none! They have done countless transformations on houses bringing life back into them as they create homes and bring value to neighborhoods. They recently bought a house I lived in previously and transformed it completely. I was very impressed. Very easy to work with, honest, creative and genuine! You cant go wrong with 550Fast!!!!!!”
“I have nothing but GREAT things to say about this company. The quality of work and character of the owners is 2nd to none! They have done countless transformations on houses bringing life back into them as they create homes and bring value to neighborhoods. They recently bought a house I lived in previously and transformed it completely. I was very impressed. Very easy to work with, honest, creative and genuine! You cant go wrong with 550Fast!!!!!!”
550Fastby Evie Rae, Nov,25 2018
Customer review on Google My Business
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