Lansing fix and flip
3 Replies
Donovan Clock
Flipper/Rehabber from Pinckney, MI
posted 5 months ago
Investment Info:
Single-family residence fix & flip investment in Lansing.
Purchase price: $65,000
Cash invested: $29,000
Sale price: $145,000
Contributors:
@Alexis Gross
Renovated the first floor, finished the basement, converted carport into a garage and painted the house. Also added new windows and furnace.
What made you interested in investing in this type of deal?
Easy to buy and sell
How did you find this deal and how did you negotiate it?
MLS. Offered asking
How did you finance this deal?
Private money
How did you add value to the deal?
Rehab
What was the outcome?
Sold for 145,000
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Alexis gross - Realestate agent
Matthew Crivelli
Lender from Massachusetts
replied 5 months ago
Nice Flip Donovan. Always good to hear about successful flips!
Michael Kinsella
Lender
replied 5 months ago
Congrats on a successful flip @Donovan Clock !
Best of luck on your upcoming projects.
Dmitriy Fomichenko
Solo 401k Expert from Anaheim Hills, CA
replied 5 months ago
Nice work @Donovan Clock , congratulations!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you