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Updated almost 3 years ago,
Advice on Flip in Cleveland
Hello - I am new to flipping homes in Cleveland and I need some advice, here is the situation:
Situation
1. Purchased 3 bed, 2 bath in Parma OH for $83K
2. The tenant is not paying rent and we are in the process of evicting
3. Property needs new roof, new siding, rewiring of electrical and cosmetic interior rehab
Questions
1. If the tenant is removed, do you think we can sell the property for $100K?
2. If we can't sell for $100K, what repairs would you do above to maximize the profit on this flip?(roof, siding, rewiring of electrical, or cosmetic interior rehab)?
Thank you!
JJ