All Forum Posts by: Donovan Clock

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,000
Cash invested: $95,000
Sale price: $272,000

Contributors:
Alexis Gross

Biggest renovation we have done so far. Everything was redone at this property besides the foundation, framing and septic. We also finished the basement that was completely empty before.

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

Potential profit

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

Off market and offered them what both parties believed was fair market value.

How did you finance this deal?

Private money

How did you add value to the deal?

Renovating the entire house

What was the outcome?

Successful flip

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

Alexis Gross with coldwell banker town and country real estate

I do have lots more photos I can send them if you are interested. I partnered with a private money lender to fund the deal and I completed the renovation. This property was found right on the mls. A offer all cash right at asking was enough to get it.

Thank you, and yes. I have another one to upload at the moment that we just completed, I have fallen behind on here. But we are looking for the next!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $41,000
Sale price: $205,000

Contributors:
Alexis Gross

Fix and flip in Howell mi, needed to fix the floor sag. After that and some new plumbing, HVAC and siding it was a straight forward cosmetic flip. Nice and quick being a 760sqft house.

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

Possibility of profit

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

MLS

How did you finance this deal?

Private money

How did you add value to the deal?

Renovation

What was the outcome?

Successful profitable flip

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

Alexis Gross my agent is a big help

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000
Cash invested: $37,000
Sale price: $206,000

Contributors:
Alexis Gross

Fix and flip in Lansing mi, full cosmetic remodel, and some new plumbing ran upstairs. Definitely a success!

Investment Info:

Single-family residence fix & flip investment in Lincoln Park.

Purchase price: $85,000
Cash invested: $15,000
Sale price: $135,000

Contributors:
Alexis Gross

Fix and flip in Lincoln Park. Closed on 6/1, gave old owner 30 days occupancy. (Charged a daily rent fee).

Rehab was fairly small with 1 full bathroom renovation, new carpet, new kitchen floor, added a backsplash and appliances, few other odds and ends around the house and a new water heater.

Outside needed a little clean up and fresh landscape, and we repainted the garage.

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

Quick easy flip.

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

Got a call from a Facebook add we posted negotiated the price with seller based on current market value of the home in its condition.

How did you finance this deal?

Private money lender

How did you add value to the deal?

Simple Cosmetic rehab with some plumbing updates during the bath remodel.

What was the outcome?

Had a few dollars short of $100,000 in the deal and sold the property for $135,000.

Lessons learned? Challenges?

No specific lessons learned, good first east side flip experience!

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

Alexis Gross, my realtor from Coldwell Banker Town and Country!

@Nikolai Saporoschetz

Welcome to the area! My fiancé and I are investing and living in Livingston county and surrounding area. My fiancé Is also a realtor. So if you need any help finding the right place, feel free to reach out!

@Brendon C.

Competition is tuff in the Livingston county area, I was able to get 2 flips last year off the mls in the area.

I did end up doing a couple more in Lansing where I found competition isn’t as stiff 

@Patrick Snyder thanks!

@Amber Hooks thanks! it’s going to be a quick flip in the suburban park / steelton heights area.