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Updated over 3 years ago on . Most recent reply

Ben S.'s profile image
Ben S.'s profile image
Ben S.
  • Investor
  • from Birmingham, MI
  • Member since Apr 20, 2020
  • Posts 15
  • Votes 11
  • Experience 21 Yrs
  • Investments 6
Connect

User Stats

15
Posts
11
Votes
Ben S.'s profile image
Ben S.'s profile image
Ben S.
  • Investor
  • from Birmingham, MI
  • Member since Apr 20, 2020
  • Posts 15
  • Votes 11
  • Experience 21 Yrs
  • Investments 6
Connect
Ben S.
  • Investor
  • Birmingham, MI
11
Votes |
15
Posts
Real Estate Deal Analysis & Advice

Milwaukee Lofts Condominiums

Ben S.
  • Investor
  • Birmingham, MI
Posted

Investment Info:

Condo fix & flip investment in Detroit.

Purchase price: $50,000
Cash invested: $500,000
Sale price: $1,420,000

We purchased a vacant building from the Wayne County (Michigan) property tax foreclosure auction. We invested approximately $500,000 to renovate the building into six residential condominiums and two retail condominiums including an award winning bar/restaurant and an Italian-style coffee shop.

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