Northern Hilltop Cleanout

[David Yoder]

Investment Info:

Single-family residence fix & flip investment in Columbus.

Purchase price: $17,000
Cash invested: $1,200
Sale price: $35,000

The current tenants weren't paying. I had them complete a Mutual Cancellation of Lease and Personal Property Release Agreement. I had a rollaway dumpster brought in and disposed of personal possession. I established vacant home insurance, drained the plumbing, winterized the property, and installed a Simplisafe alarm system.

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

The great profit margins.

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

I was contacted from my direct mail marketing.

How did you finance this deal?

Self Financed.

How did you add value to the deal?

Solved the tenant issue.

What was the outcome?

~$14k profit

Lessons learned? Challenges?

Be straight forward with new tenants and treat them well.