SFH Fix and Flip in Cincinnati Ohio

[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