6th Flip!

[Account Closed]

Alright, ignore the low numbers, I invest and flip / buy and hold in Ohio. I follow tax and sheriff sales in my local counties in northern Ohio. When I see something announced for sheriff / tax in the local papers I dig in deep to find the owners info. At that point I approach in person and then see if they'd be interested in a short sale. Anyway I just completed my 6th time doing this. Property was in Tiffin, Ohio - Commercial building storefront with a 1 bedroom rental unit up stairs, I bought for $8,000 put just shy of $6,000 in it for $14,000 sold the property for $40,000 walking away with about $22,000k profit after transactional costs and such. I just want to say that the biggest factor for success in this deal was the language barrier. The owner was of Indian descent without an oz of English speaking. My day job is that of a nurse at the local hospital, I asked around to find translation services through the hospital and paid an interpreter the $50 per hour to help us through this process. I know it sounds annoying and like a hassle but to me it was worth the footwork for the profit. Here's to searching for the next one! For my Ohio Flippers, don't forget to winterize! :)