BRRRR Ohio City (Cleveland)

[Dan Mitchen]

Investment Info:

Single-family residence buy & hold investment in Cleveland.

Purchase price: $55,000
Cash invested: $1,100

BRRRR in the Ohio City neighborhood in Cleveland.
Purchase- $55k
Rehab- $30k
ARV- $165k

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

Great BRRRR potential.

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

An agent friend brought me the deal off-market.

How did you finance this deal?

Private money.

How did you add value to the deal?

Will begin rehab in the next few months, will refi, and then will Airbnb it.