Single-Family BRRRR next to Nationwide Children's Hospital in Columbus

[Alfath Ahmed]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $167,000
Cash invested: $25,000

Contributors:
Michael Sgandurra

This was a value-add BRRRR deal next to Nationwide Children's Hospital. 5-bed rooms and 1.5 baths.

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

Good location, right pricing, market demand, and 75% ARV deal

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

Off-market pocket listing

How did you finance this deal?

Financed the deal through a hard-money lender

How did you add value to the deal?

New roof, siding, soffit, fascia, flooring upstair, repair fencing, yard work/landscaping, new flooring upstairs, new vanities, kitchen remodel, new paint job

What was the outcome?

ARV of $285k as expected

Lessons learned? Challenges?

Always budget for extra for rehab. We had the plumbing break down and had to install new PVC plumbing

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the agent on the deal and the buyer.

[Michael K Gallagher]

@Alfath Ahmed big congrats on the acquisition.  I see you had it as an off market pocket listing, can you share some of how you came to find the deal in the first place?  

Also would love to hear what the plan go forward is now it sounds like you pulled the funds back out.