ExcellentHouses.com
Making Neighborhoods Beautiful Again
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Excellent House LLC's mission is to find, improve and market financially or physically depressed properties in nice neighborhoods.    We work with investors, retail buyers, lenders, and other real estate services, to create and winning result for all.    Our Business Outline

  • Find
    • Observation in preferred neighborhoods
    • Internet: Public sites and the MLS
    • Scouts: Casual and Contracted
    • Associates: Investment Groups, General Networking, Ads
  • Values
    • After-Rehab Value (ARV) $150K to $10M
    • Purchase for less than 65% ARV less estimated rehab costs
    • Purchase for less than 80% ARV if finished and rented
  • Exit Strategies
    • Rehab by
      • Excellent Houses
      • Investor
    • Sell
      • Wholesale to another Investor
      • Retail to an End Buyer
    • Hold
      • Only properties that have median rents in area greater than 0.8% of purchase price
      • Accounts for PITI on a 75%-80% loan and lenders' credit of 75% of rent
      • Use RentoMeter.com and the formula:  Price x 0.8% < median rents
      • Superior rental service available sometimes at no additional cost 
  • Partner
    • Private-Money Lenders
    • Co-Investors
    • Other Wholesalers
  • Types of Properties
    • Single-Family Homes
    • Multi-Family: up to 6 (residential) or large enough for two on-site managers
    • Small Commercial: small footprint, high-rise OK, small parking lot
  • Buying Interests
    • Bank Owned
    • During Construction
    • Expiring Lease Option
    • Foreclosure
    • Fast/Cash
    • No/Low Loan
    • Pre-Foreclosure
    • Short Sale (contractors available)
    • Subject-to
    • Wholesale (many properties available)
  • Preferred Areas
    • Metro Denver
      • Downtown Denver
      • Denver near University and Colorado Blvds, south of 6th Avenue
      • Denver Park Hill
      • Douglas, Arapahoe, Jefferson, Broomfield and Boulder Counties
    • Other
      • Colorado Springs
      • Fort Collins
      • Grand Junction