All Forum Posts by: Joshua B.

 Their dog did poop on the newly sanded hardwood floors, though, so I guess I shouldn't say there was NO damage. Haha. We cleaned it up and it was fine, but I was freaking out when I realized someone had come into the house with about $15k worth of tools and appliances and cabinets.

Investment Info:

Single-family residence fix & flip investment in Clawson.

Purchase price: $162,000

In progress

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.

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $180,000
Cash invested: $9,588
Sale price: $225,000

Tidy little 3 unit building in South Lyon. Had a bad boiler that caused some serious problems. Always get a separate boiler inspection!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $415,000
Cash invested: $37,237
Sale price: $548,000

This was a small multifamily property that had a few difficult tenants and wasn't too easy on the eyes. Find a perfect buyer for it, though, and let the buyer handle the TLC.

Investment Info:

Single-family residence fix & flip investment in Plymouth.

Purchase price: $84,000
Cash invested: $23,383
Sale price: $134,000

Contributors:
George P.

Wanted to start small with my first flip but almost went too small. Buyers don't like small houses as much, especially ones with no basement. Luckily this one had a huge garage for storage.

Investment Info:

Single-family residence fix & flip investment in Ann Arbor.

Purchase price: $154,000
Cash invested: $47,779
Sale price: $243,000

This one was a cosmetic rehab in the interior, with a lot of my time spent on the exterior. The waist-high Canadian thistle still gives me nightmares.

Investment Info:

Single-family residence fix & flip investment in Ann Arbor.

Purchase price: $154,000
Cash invested: $47,779
Sale price: $243,000

The yard a this house was harder to deal with than the interior. Was able to just do a cosmetic renovation inside but the waist high Canadian thistle in the backyard still gives me nightmares.

I'm not so sure there will be a dip in prices next year. At worst, a flattening. The people being hurt the most by coronavirus are service workers, and I'd bet homeownership rates among that group are a lot lower than folks with steadier white-collar jobs. I'm hearing of some job-shedding by larger white-collar employers, but anecdotally it doesn't seem to be really bad yet (like it is for service jobs). Seems like with demand where it is, even if there is a chunk of foreclosure activity that occurs in the next 6 months, the market demand is high enough to absorb it without dragging prices significantly.

Then again, I have zero statistics to back up any of what I just said!

@Joshua Fortner totally worth it. Super easy test and at minimum it lets you see houses whenever you want. I’ve kept thousands in commissions in my pocket every year. Plus I know I have my interests in mind in every deal, not just the goal of getting a deal closed like a lot of agents.