Fix and Flip Southern, OH

[Lauryn Meadows]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $18,000
Cash invested: $70,000
Sale price: $116,000

Fix and flip in Ironton, OH. We utilized a private money lender for part the purchase and rehab costs. We utilized our cash for the rest of the funds needed. The private money lender earned 10% interest with a six month balloon, or at sale of property. We were able to to turn the project within four months from start to finish.

Purchase Price: $18,000
Rehab Cost: $64,500
Closing Costs: $8,000
Money Costs: $5,600
Net Profit: $20,000

How did you find this deal and how did you negotiate it?

We found this property through word of mouth. The owner just wanted out of it.

How did you finance this deal?

Mix of cash, and private money lender.

How did you add value to the deal?

We did a complete rehab on this project. All new everything.