Fifth flip, back in Ann Arbor
Investment Info:
Single-family residence fix & flip investment in Ann Arbor.
Purchase price: $225,000
Cash invested: $51,827
Sale price: $289,900
Easiest flip I've ever done and the least profitable. Made only a handful of trips to the house. Loved how it turned out though.
Side note - always change locks immediately once you buy. I had someone come into the property because a lock didn't work right. Luckily no damage was done and nothing was stolen.
