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Updated about 4 years ago on . Most recent reply
SFH Fix and Flip in Cincinnati Ohio
Investment Info:
Single-family residence fix & flip investment in Cincinnati.
Purchase price: $50,000
Cash invested: $35,000
Sale price: $126,900
Completely renovated. All new with a lot of character. New roof, windows, kitchen cabinets, tile, carpet, appliances, blacktop driveway, garage door, and paint (interior and exterior). Beautiful 3 Bdrm, 1 Full Bath, in Westwood; walking distance to Our Lady of Lourdes School and Church.
What made you interested in investing in this type of deal?
Profit margin for the area
How did you find this deal and how did you negotiate it?
Auction.com online
How did you finance this deal?
Cash
How did you add value to the deal?
Remodeled whole home with windows carpet paint and roof
What was the outcome?
Very nice finished product sold
Lessons learned? Challenges?
Surprise under 2 layers of shingles had to re-sheet roof Winter weather and contractor delays
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jim Roth Selling broker Flat fee realtor
Most Popular Reply
Originally posted by @Gary David:
Investment Info:
Single-family residence fix & flip investment in Cincinnati.
Purchase price: $50,000
Cash invested: $35,000
Sale price: $126,900
Completely renovated. All new with a lot of character. New roof, windows, kitchen cabinets, tile, carpet, appliances, blacktop driveway, garage door, and paint (interior and exterior). Beautiful 3 Bdrm, 1 Full Bath, in Westwood; walking distance to Our Lady of Lourdes School and Church.
What made you interested in investing in this type of deal?
Profit margin for the area
How did you find this deal and how did you negotiate it?
Auction.com online
How did you finance this deal?
Cash
How did you add value to the deal?
Remodeled whole home with windows carpet paint and roof
What was the outcome?
Very nice finished product sold
Lessons learned? Challenges?
Surprise under 2 layers of shingles had to re-sheet roof Winter weather and contractor delays
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jim Roth Selling broker Flat fee realtor
Congrats on the investment in Ohio!
- Remington Lyman
