When Hunter Chattler saw a burned-out house listed for just $7,500, he knew he was looking at an incredible opportunity.
At just 24 years old, this Detroit-based house flipper transformed the gutted property into a stunning dream home and now stands to pocket $100,000 in profit.
Here’s how he made it happen and why Detroit is becoming a hot spot for real estate investors.
A Risky Start Pays Off Big
Hunter bought the fire-damaged single-family home in 2023 after spotting it in Detroit’s Jefferson Chalmers neighborhood.
Though the house had been gutted by fire, its location near Lake St. Clair and ongoing development in the area made it a worthwhile gamble.
The Numbers:
| Purchase Price | Renovation Costs | Expected Sale Price | Estimated Profit |
|---|---|---|---|
| $7,500 | $130,000 | $250,000 | $100,000 |
From Ashes to Dream Home
When Hunter bought the house, it was filled with rubble, ash, and scorched wood.
Many thought the project was hopeless, but Hunter saw the potential.
With $130,000 in renovations and six months of hard work, the house was transformed:
- Before: Burned walls, ash-covered floors, and fire damage everywhere.
- After: Light wood floors, modern gray walls, a bright white kitchen, and chic lighting fixtures.
Hunter even turned the basement into a third bedroom, making the two-bedroom, two-bathroom home more appealing to buyers.
Why Detroit Is a Real Estate Hot Spot
Once bankrupt, Detroit has become a prime location for investors.
Homes have sold for as little as $1,000 in recent years, and the median sale price has climbed from $58,900 in 2009 to $260,000 in 2024.
“There are tons of deals here,” Hunter says. “And not a lot of competition because people are hesitant to invest in Detroit.”
What’s Next for Hunter?
Despite some doubters who question things like the lack of windows or the smell of smoke Hunter is determined to keep flipping houses.
His ultimate goal? To buy a new property every one or two weeks and eventually move into home development.
Hunter’s story shows how determination and vision can turn even the most unlikely property into a massive profit.
Ready to start your real estate journey? Detroit might be the perfect place to begin!