Rochester Hills - Quick Flip, Cash Offer!

[Michael Mannino II]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $130,000
Cash invested: $57,000
Sale price: $258,400

Very quick flip in Rochester Hills, did the usual new kitchen (stainless steel appliances, granite countertops, shaker-style cabinets, backsplash, drop in sink), new bathroom (new vanity, toilet, tub, tile surround), LVP flooring and carpet throughout, fresh paint inside and out, replaced a few windows, and a new garage door. This one sold very quick, was only on market for a few days and got a full ask cash offer!

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

This was a typical, ideal property we look for. First time home-buyer type house that needed a cosmetic rehab.

How did you find this deal and how did you negotiate it?

Driving for dollars / postcard marketing

How did you finance this deal?

Private Money

How did you add value to the deal?

Cosmetic updates, new kitchen and bath, replaced a few windows, new garage door

What was the outcome?

A quick cash offer, sold almost exactly 2 months from purchase date!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Legacy Title Agency