Updated over 5 years ago on .
First Flip Property we purchased
Investment Info:
Single-family residence fix & flip investment in Negaunee.
Purchase price: $24,500
Cash invested: $9,000
First Flip we bought. Needed a roof so it was a cash deal. Currently in progress of having roof put on and gutting the residence. Median price in the area is around 125k
What made you interested in investing in this type of deal?
The cash sale price compared to ARV
How did you find this deal and how did you negotiate it?
Realtor
How did you finance this deal?
Cash
How did you add value to the deal?
Gutting and doing a full rehab
What was the outcome?
Still in progress
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Ben Argull through Keller Williams