Fix and flip Lansing Michigan

[Donovan Clock]

Investment Info:

Single-family residence fix & flip investment in Lansing.

Purchase price: $70,000
Cash invested: $18,000
Sale price: $127,500

Contributors:
Alexis Gross

Fix and flip in Lansing Michigan. 3 bed 1.5 bath. Owned for a total of 90 days from closing table to closing table.

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

Easy cosmetic flip, under our 100k budget

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

MLS, it was a foreclosure and had been sitting for months. Offered 15k under asking and they accepted.

How did you finance this deal?

Partners heloc

How did you add value to the deal?

Mostly Cosmetic rehab we did ourselves

What was the outcome?

Sold first day. For $2500 above asking.

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

Alexis Gross, real estate agent out of Brighton mi. Highly recommend

[Saravanan Saravanan]

@Donovan Clock Congratulations on the learning experience and success.  This is inspiring for others to emulate.

Using the smart way for JV or funding partner helps to do more deals that can add more $ to your pocket.

Best wishes