Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply
Fix and Flip Home in Richfield Village Ohio
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $115,000
Purchased from a wholesaler. Project permitted and approved through county. Prices of materials went through the roof and the project was way more work than originally estimated. Supply chain and permits took way to long so property has been held longer than anticipated - but is now under contract!
What made you interested in investing in this type of deal?
I love to take a distressed property and make it a jewel - for a new owner to make it their home and to improve the community. My husband grew up in the town and it was important to us to help start brining the area back to life!
How did you find this deal and how did you negotiate it?
wholesaler
How did you finance this deal?
cash
Lessons learned? Challenges?
Really dig in to what you are buying before making your offer - don't let pressure from the market and other buyers form your decisions.
Most Popular Reply
Quote from @Jenean Gabbert:
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $115,000
Purchased from a wholesaler. Project permitted and approved through county. Prices of materials went through the roof and the project was way more work than originally estimated. Supply chain and permits took way to long so property has been held longer than anticipated - but is now under contract!
What made you interested in investing in this type of deal?
I love to take a distressed property and make it a jewel - for a new owner to make it their home and to improve the community. My husband grew up in the town and it was important to us to help start brining the area back to life!
How did you find this deal and how did you negotiate it?
wholesaler
How did you finance this deal?
cash
Lessons learned? Challenges?
Really dig in to what you are buying before making your offer - don't let pressure from the market and other buyers form your decisions.
Congrats on the deal!
- Remington Lyman
