Ann Arbor Michigan fixer upper
Investment Info:
Single-family residence fix & flip investment in Ann Arbor.
Purchase price: $225,000
Buying this little 3/1 in Ann Arbor with a plan to fix it up and flip it or rent it out, whichever seems best
What made you interested in investing in this type of deal?
Solid price
How did you find this deal and how did you negotiate it?
Craigslist. Reached out to owner, toured property, then made an offer.
How did you finance this deal?
Will be land contract with 3 month term to allow for renovation, then BRRRR it
How did you add value to the deal?
Reno
What was the outcome?
We'll see
Lessons learned? Challenges?
We'll see
Most Popular Reply
@Joshua Birk be careful on you brrr if buying with a land contract. Females guidelines es will only let you take cash out when refinancing to payoff a land contract. And you will typically need 6 months seasoning from the time you refi land contract to do a cash out loan.