Hazel Park, Michigan Fix & Flip

[Andrew Abbott]

Investment Info:

Single-family residence fix & flip investment in Hazel Park.

Purchase price: $80,000
Cash invested: $50,000
Sale price: $152,000

Second completed flip. Full renovation including new roof, new windows, updated kitchen and bathroom, and addition of master bedroom suite with bathroom

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

Location

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

MLS

How did you finance this deal?

Conventional Fixed 30 year

How did you add value to the deal?

Performed majority of cosmetic updates myself

What was the outcome?

$10k profit

Lessons learned? Challenges?

Need to find off market deals!

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

Brendan Pigott @ EXP - agent
Patrick Ali @ Hall Financial - lender