We’ve all seen the shows on HGTC, DIY and other networks about flipping houses. This type of investing in real estate can produce significant returns, but this type of investing can be very risky if not done properly. Motor City Design Build is a specialist in flipping homes. To help investors take advantage of this incredible opportunity we provide value through our Five Step Process:
- First: Determining the best markets to invest in.
- Second: Once we’ve identified the target market, we then scour the market for the right opportunities. The right opportunity is a property that can be acquired at a significant discount to market value and has the ability to “add value” to the property through renovation and/or repositioning.
- Third: Negotiate the property purchase on behalf of our investor.
- Fourth: Complete the renovation and/or repositioning of the property.
- Fifth: Negotiate the sale of the property to a home owner looking for a “turn key” home to move into.
Motor City Design Build’s Investment Policy:
- The property needs to be located in an area of demographic growth.
- The property needs to be purchased at a significant discount to market value.
- The property needs to have the ability to “add value” through renovation and/or repositioning of the asset.
- The anticipated sale price of the property needs to produce at least a 15% return on investment after costs and be priced slightly below market to achieve this return.