Updated about 7 years ago on .
9850 Allen Road Allen Park, MI - Fix and Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $105,350
Cash invested: $12
Purchase price - 105,350
ARV (structural repairs)- 140k
ARV (renovating) - 160+
What made you interested in investing in this type of deal?
Home values double my purchase price within the direct neighborhood
How did you find this deal and how did you negotiate it?
MLS and very little. Talked him down about 8k. No inspections.
How did you finance this deal?
FHA. 3% down.
How did you add value to the deal?
So far, general clean up on the exterior and interior. Basement was flooded and filled with mouse droppings. Removed construction waste and prepped for structural repairs.
