Fix and Flip Detroit - Woodmount 2021

[Peter Ivantsov]

Investment Info:

Single-family residence fix & flip investment in Detroit.

Purchase price: $16,163
Cash invested: $1,000
Sale price: $31,369

Contributors:
Thomas Rogge, Vincent Ribes

Woodmount was a quick flip where we just had some clean up done and flipped it in 3 months to a wholeseller.

What made you interested in investing in this type of deal?

We had the opportunity were in the market and knew what we needed to do to acquire at discount and it was obvious we would find someone on the back end with our network.

How did you finance this deal?

Cash

How did you add value to the deal?

Minimal value - just clean up

What was the outcome?

100% ROI

Lessons learned? Challenges?

Difficult to find a no brainer deal but once you do - you can't lose money.