Turnkey Flip in Detroit

[Maz Pardhan]

Investment Info:

Single-family residence fix & flip investment.

Originally bought as part of a package of properties with intent to either buy, renovate, rent, refinance or flip. Currently in closing as a market sale.

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

Detroit is a great market for buying low priced property that can be easily and cheaply renovated to rent out. There are an abundance of tenants and ultra low vacancy rates.

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

Found this though a turnkey company who helped me renovate

How did you finance this deal?

This was an all cash deal, the price was low enough to use a home equity line.

How did you add value to the deal?

The house was purchased at a significantly low price and renovating was cost effective enough toforce appreciation and resell

What was the outcome?

Currently under offer ;)

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

A turnkey investment company, happy to make recommendations if it suits your purpose. Lets connect

[Dmitriy Fomichenko]

Congrats @Maz Pardhan !