Finding a passion in flipping. #flippingsweet

[Nathan Johnson]

Last year my wife and I decided to take the plunge of flipping a house. All last summer I talked to anyone I could about it and I had numerous people interested in investing but when the runner hit the road, no one dove in with us, which is totally fine. We've built our own homes and built homes with my in-laws and it just seems like the next step to a little financial gain. We bought wreck of a house in our home town in Mid-Michigan at the county tax default auction. My wife did the bidding because it was the first full day of school in August and I'm a 5th grade teacher. We, as well as my in laws have a good amount of equity in our personal homes since we both served as the GC for them which is how we financed the deal. The market is on fire in our small Mid-Michigan town so we knew we could make some money. We're about 5 months in which is a little longer than we hoped, but that's okay. All of the neighbors have stopped by and said how much they appreciate it and how excited they are for us. I truly did not anticipate the feeling of satisfaction of helping a neighborhood be revitalized and of a new family getting an amazing home that is beautiful! The plan is to have a neighborhood open house next week to really get people excited about our work and the transformation. Our passion is now to recreate this feeling in similar neighborhoods for other families. I've done 85% of the work myself with my father in law and we've had two single moms who've recently gone through divorce contact us about buying. One even made a verbal full price offer. We are pretty much all in at 120 and have an asking price of 179. Not too shabby for our first deal. Thanks.