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Marshall Blacklock
  • Mechanical Drafter
  • Allegan, MI
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First Live in Flip Property

Marshall Blacklock
  • Mechanical Drafter
  • Allegan, MI
Posted Jan 20 2022, 18:56

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $12,000
Sale price: $165,000

Was a live in flip property that I held for two years. Super proud of this one because I work a full time job while working on this property teaching myself a ton of skills. Will added pictures soon.

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

Saw a house with a lot of potential in a perfect neighborhood that was listed below market value on the mls.

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

Found it on the mls and I used an agent.

How did you finance this deal?

It was a conventional financing

How did you add value to the deal?

Complete remodel

What was the outcome?

Brand new house that sold right away.

Lessons learned? Challenges?

Don't over do a project and you can do anything you want to if you try.

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

Yes! I work with Justin Blacklock from Exp. He has the same mindset and goals that I had with my real estate investing.

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