Luxury Flip in a Popular Columbus, OH Suburb (Westerville, OH)

[Taylor Georges]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $300,000

Purchase Price: $300,000 ($281,000 Purchase + $12,500 Seller Concession + $6,500 Wholesale Fee)
Renovation: $40,000
Estimated ARV: $485,000

Video: https://www.youtube.com/watch?v=-UW6siDsgtI

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

Westerville was my hometown growing up and this neighborhood is a staple.

Fun Fact: This neighborhood when first built, was a 55+ swingers neighborhood!

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

A wholesaler brought it to me to help find a buyer. I ran the numbers and decided to buy it for myself.

How did you finance this deal?

A hard money lender funded purchase and rehab. I used private money to cover all out of pocket costs, including a $25,000 cash-for-keys deal with the tenant!

How did you add value to the deal?

Added a third bedroom, full renovation to the kitchen and to the master bathroom.

What was the outcome?

Still in Progress

Lessons learned? Challenges?

If it's a good deal, make it work. One way or another.