Bournemouth Flip
21673 Bournemouth – Harper Woods, Detroit
Strategy: Full rehab retail flip
We acquired this property off-market for $30,000, executed a full renovation, and brought it to top retail standards. The total all-in cost, including fees and closing expenses, came to $94,189. The property sold for $144,500 after 220 days on market and construction, generating a net profit of $32,303.
Despite a longer hold, the project delivered a 34% ROI and an annualized IRR of 63%, exceeding benchmarks. All investor capital was secured with a first-position lien and returned with profit at close.
Deal Snapshot
Purchase Price: $30,000
Renovation Budget: $42,500
Developer & Acquisition Fee: $15,500
Total Cost (incl. closing): $94,189
Sale Price: $144,500
Net Proceeds: $126,492
Net Profit: $32,303
Hold Time: 220 days
ROI: 34%
IRR (Annualized): 63%
Turnkey Flip – Strong Performance, Secured Investment
We found the deal, negotiated the buy, managed a top-shelf renovation, and delivered a polished product that sold fast—at nearly $15K over proforma. The project took five weeks longer than expected, but every partner made money and the exit was clean.
For deals like this, investor capital covers the front-end acquisition, closing costs, and fees. Rehab is funded through draws, and your investment is secured with a first-position lien on the property. You’re protected and passive—we do the hunting, managing, and selling. You get a professional-grade return with peace of mind.
How It Works – Investor Sequence
We source the deal — Off-market acquisition with strong upside.
You fund the front end — Deposit, purchase price, closing costs, and startup fees.
Your capital is secured at closing — First-position mortgage/lien recorded.
We manage the rehab — Draw-based funding with lender oversight.
We finish and list — Top-quality product, professionally staged and priced right.
We close the sale — Everyone gets paid, returns distributed directly at closing.
The Finished Rehab
