SFH in German Village Historic District in Hamilton Ohio BRRR

[James Back]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $87,900
Cash invested: $11,000

3 bed 1 bath home in the Historic District in Hamilton OH. The house is an all brick two story, with updated utilities and renovated interior.

What made you interested in investing in this type of deal?

It is in an expanding part of the city, close to downtown entertainment, and has seen a lot of appreciation.

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

My painter i use brought it to me. Him and his wife purchased it, did a very small renovation, and sold it to me with instant equity. I walked the property, gave him my offer of $85,000 with an asking of $89,900, and ended up meeting in the middle at $87,900.

How did you finance this deal?

I used a personal Heloc to purchase this deal with cash and will refi out after the six month seasoning period.

How did you add value to the deal?

Put new kitchen cabinets, countertops, and reorganized the kitchen layout.