All Forum Posts by: Jonathan Plant

Investment Info:

Single-family residence fix & flip investment in Austintown.

Purchase price: $147,000
Cash invested: $32,000
Sale price: $217,000

Single Family 2448 sq' Residence in a nice small housing development. This is one of the larger homes on the block.

Investment Info:

Single-family residence fix & flip investment in Haskell.

Purchase price: $60,000
Cash invested: $8,000
Sale price: $95,000

Private investor to fund whole deal.

Investment Info:

Single-family residence fix & flip investment in Cleveland.

Purchase price: $19,000
Cash invested: $40,000
Sale price: $47,000

Lost $ on this one.
2 break ins.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $78,000
Cash invested: $6,000
Sale price: $122,500

Rented to own for a few months.

Investment Info:

Single-family residence wholesale investment in Cleveland.

Purchase price: $17,250
Cash invested: $500
Sale price: $23,000

Closed on the purchase on a Monday and closed on the sale that Friday. Quick turn.

Investment Info:

Single-family residence buy & hold investment in Cabot.

Purchase price: $63,000
Cash invested: $28,000

ARV: $115,000
Cashflow: $250

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

Had a reliable person in the area to rehab for me. Great rental area so decided not to sell but to rent.

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

Purchased this bank owned property from auction.

How did you finance this deal?

Personal loan to apply toward a mortgage.

How did you add value to the deal?

Rehabbed interior/exterior.

What was the outcome?

Increased ARV and provided a good rental property.

Thanks Carrie for sharing. It takes a lot to remember to update this post along the way in the midst of a rehab with other things going on in life. This will help motivate and ensure others that this can happen.

From what I have experienced in the Cleveland market, there are areas that are decent to purchase from and areas that are competitive with the Police department. As with most markets in respect. The attractive areas that you would want to invest, are usually covered by investment teams that are using the fine comb now to locate properties. I have used Auction.com and Homesearch.com to locate my properties. Of course, thoroughly research the area and specifically the part of the street to see the risky areas to invest and not invest. I know of a great seasoned real estate broker that has bank connections and he knows where in the market to invest and specifically where on what end of streets are best. Hope I've helped and if you need anything, just ping...