Advice on House Flip in Cleveland
Hello all - I am new to flipping properties in Cleveland and I need some advice, here is the situation:
Situation
1. Purchased a 3 Bed, 2 Bath in Parma, OH for $83K
2. The tenant is not paying rent and we are in the processing 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 given its condition?
2. If not, what repairs above would you do to maximize the profit of this flip (roof, siding, rewiring of electrical or cosmetic interior rehab)?
