Single-family residence fix & flip investment In South Haven

[Sarah Knutson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $125,000
Cash invested: $55,000
Sale price: $289,900

This is a one of a kind home that is two levels with amazing views of the sunsets over the lake. This home is built into the ground and keeps very warm in the winter and keeps cool in the summer months.3 bedrooms with a hot tub room in the master. 2 bathrooms fully updated. New deck on the front with fresh stain on the outside of the home. Upgraded granite countertops in the kitchen and main bathroom. New landscaping around the home.

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

The uniqueness of the home and it had acerage.

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

New stain on the exterior along with landscaping. New deck. New furnace and added AC. This home has all the custom upgrades you could wish for. New wood flooring and tile. Fresh paint throughout the home. Kitchen has new cabinets/tiled back splash/granite counter tops and new stainless steel appliances. Bathrooms are completely new.

Lessons learned? Challenges?

COVID rules with the first offer.

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

I was the listing agent on the property.