Biggest project yet! Middleville, MI

[Jake Thomas]

Not my first rehab but my first one to document start to finish here on BP. I figured since this was such a huge undertaking for me I should share with everyone. 

Story for this one was that I had noticed this property last year while driving about 10 min south of my house. It was overgrown and looked vacant. I looked up the owners on the county website and after 30 min of internet searching I discovered they owned a business on the other end of town. I called them up and asked them about the house (this was in April). We chatted for a few min and he agreed to show me the house. I went through the house and looked through it optimistically as I could. It needed a lot of work but I figured the price would make it worth it. After a bit of negotiation we agreed on $26,000 for the property. Essentially this was a driving for dollars lead which has become my favorite and most successful. 

We finally closed last week after months of getting things in order on the sellers side.

Was a 2 bed 1 bath, 1,300 sq foot house. I plan to convert this into a 3 bed 1.5 bath with main floor laundry. 

This one gets the full makeover. Well, septic, windows, doors, siding, roof, kitchen bath makeover etc.

Purchase price $26,000

Budget $45,000

Rent value $1,200 

ARV $120,000-130,000 if I was to sell.

[Jake Thomas]

Update: It has been a few weeks but wanted to show some pictures of the progress we are making. I will have more pics next week as well as we are making progress and drywall goes in early next week. 

Breaking out cement for new plumbing in bathroom.

Septic system installation.

New driveway going in.

New concrete pads being installed.