All Forum Posts by: Vincent Reid

Investment Info:

Single-family residence fix & flip investment in Columbus.

Purchase price: $50,050
Cash invested: $2,000
Sale price: $101,000

Contributors:
John Horner

Auction.com purchase! It had its ups and downs but we made it! Also got some private money in the deal and got them a nice return.

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

It was a first with the auction sites.

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

Auction.com

How did you finance this deal?

Used personal and private money.

How did you add value to the deal?

I knew the neighborhood well and had inside knowledge about the condition in which it was left in.

What was the outcome?

We returned the private money and made a profit!!

Lessons learned? Challenges?

Make sure when dealing with auction sites that the deed is in the banks name already.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

John horner was great to work with as a private leander.

@Robert Ellis. This was 3yrs ago. I was all in for 60k. 3596 rodell blacklick estate. I'm just getting back on BP after a long hiatus! Lol

Welcome to the site! Let me know if I can be of any help.

Investment Info:

Single-family residence fix & flip investment in Columbus.

Purchase price: $40,000
Cash invested: $60,000
Sale price: $85,500

New roof, kit, bath, carpet, paint, etc

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

HGTV lol!!!

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

I used an agent before I became one.

How did you finance this deal?

Cash

How did you add value to the deal?

Total rehab

What was the outcome?

We held it longer than we should, but it made money in the end.

Depending on how long you decide to hold the the property it should be worth it. My philosophy is better house better tenent. At least you can expect more from your tenents.

Thanks Nick!

Thanks @Brie Schmidt! My wife was really inspired by your podcast! She is always looking to learn from other woman in this business.

Hello BPers. I have not attended any meetings in and around Columbus Ohio in a while. I have been busy getting my RE license and keeping contractors from sleeping in my flips! LOL! Are there any good meet ups going on right now in and around Columbus?

Hello Sam, Columbus is a Great market! I have grown up here my whole life and know this neighborhoods like the back of my hand. Let me know if I can be of any assistance to you!

Welcome to the site!!!

thanks everyone for the info! @Dev I will be in contact with your guys, or they can call me at 6147479097