Flint Valley Flip

[Michael Gonzales]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $56,000
Cash invested: $45,000
Sale price: $145,000

Purchased subject-to in a pre-foreclosure stage with ~15k going to re-establishing the loan. Rehabbed and sold for near the highest price per square foot in the area.

Lessons learned? Challenges?

This was my first introduction to rehabbing houses - learned a ton about the process and what is behind walls