First Investment ever! In Dayton, Ohio area

[Derrick Claywell]

Hi everyone!

I have to get my excitement out somewhere, so why not the Bigger Pockets community?

I am starting my first investment purchase, in Englewood, Ohio- which is in the greater Dayton area. It is a 2532 sqft 4/3, being sold to settle an estate for $99,900. I will be offering $89,900 with intent to lay new laminate flooring down because the house has three different types of flooring laid, and it all looks pretty old. That's all the house needs, and my realtor suggests selling it for $180,000 after I get the new flooring installed. Here's to hoping everything works out!

Thank you all for the great reading and research material- I never would have found this home or a lender willing to work with me and my bad credit without it!

Derrick

[Jim Walters]

Congratulations on your purchase. Englewood Is great area.
However, I would be skeptical of your realtors statements. I would have your realtor show you houses in Englewood in the $180,000 price range. Then do your own due diligence to see if your house can compete in that price range.
This is a area were a lot of people look for flipping opportunities. Hopefully you found one a lot of others missed.
Due your due diligence and see!
Best of Luck with your purchase!