All Forum Posts by: Daryl Anderson

@David Ounanian

Can you send that my way as well?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $49,000
Cash invested: $50,000
Sale price: $137,500

Total renovation of single family. Added a bath to add value

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

Wanted to transition from rentals to flipping

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

Wholesaler

How did you finance this deal?

Cash

How did you add value to the deal?

New kitchen/2ndbath/AC

What was the outcome?

Made $

Lessons learned? Challenges?

It was difficult to work with the city during the pandemic. Hard to get ahold of people and get inspectors out which extended our time line a few months.

@Justin Sullivan totally depends on whether I want to do the project or not. Also, they might have the subs number, but managing the project is a whole different story!

Do you have any pictures of the property?

@Joe Leonette general contracting mostly. 

@Joe Leonette mostly rentals, but for about the last year doing work for homeowners. 

@Joe Leonette mostly residential, but some commercial thrown in there too.  

I’d have to agree with Andrew. If your out of state, you should probably stay away from East Cleveland. Unless you have lots of experience with d class properties. 

Cleveland is a great market for all kinds of investors. 

Joe where do you work? I’m mostly renovating on the west side