Pinckney fix and flip

[Donovan Clock]

Investment Info:

Single-family residence fix & flip investment in Pinckney.

Purchase price: $85,000
Cash invested: $40,000
Sale price: $215,000

Contributors:
Alexis Gross

Complete gut and remodel, lots of exterior work. Power wash and stained wood siding

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

Good location great price

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

Foreclosure on the MLS. Offered 15k above asking due to multiple offers

How did you finance this deal?

Heloc and private lender

How did you add value to the deal?

Rehab inside and out

What was the outcome?

Sold 5k over asking first day

Lessons learned? Challenges?

Manufactured homes have lots of differences then stick built

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

Alexis gross