First live and flip

[Monica Lauzun]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $239,000
Cash invested: $35,000
Sale price: $339,000

My husband and I found a great opportunity for a live and flip in Novi, MI. Novi is a great city with highly reputable schools and is a highly sought after area for families. When we saw this home on the market a couple of years back, we knew this was the perfect home to start with. Seeing as the home already had 5 offers on it, we had some serious competition! Thankfully our offer and being a newlyweds (using all of our wedding money to purchase the home) became the most appealing offer to the bank owned property (Who knew they had a heart!). We lived in the home for about 1.5 years. We put some serious sweat equity into the house and fixed it up nicely in between our 9-5 jobs!

[Account Closed]

@Monica Lauzun Congratulations, and what an amazing reward for all the hard work! What were some of the biggest changes you made to update the property? What were your favorite changes?