My First Investment Property: Live-In Flip, Columbus, Ohio

[Account Closed]

Investment Info:

Single-family residence fix & flip investment in Columbus.

Purchase price: $182,000
Cash invested: $10,000

Purchased my first investment property as a live-in flip back in late April of 2020. The house hadn't been updated in 20 some years and we are still in process of finalizing. Loving what we are doing every step of the way and learning the processes as we go. The plan is to sell or cash-out refinance in a few years, using that capital for additional investment properties.

Check out some before and after pics and let me know what you think!

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

I was looking for a value add property in safe, up and coming, rapidly appreciating area of Columbus for my girlfriend and I to live in and fix up while doing so.

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

Through Redfin and a Real Estate Agent.

How did you finance this deal?

Mortgage lender with an FHA loan.

How did you add value to the deal?

Updated all rooms in the house, repainted the entire house, exposed beautiful natural brick in certain rooms and uncovered a fireplace in the living room.

Continuing to add value by updating appliances, adding 1/2 bath and potentially a garage over the next couple of years.