Purchase price: $45,000 Cash invested: $40,000 Property Renovation Overview: 1453 Southfield Dr, Columbus, OhioWe are excited to showcase the extensive renovation of 1453 Southfield Dr, a testament to our dedication to revitalizing living spaces and enhancing the experiences of our tenants.

I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

Renovating usually means you need money to renovate.

Plus, it would be a first renovation project, and other properties we may be able to close on are huge projects.

I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.

Hi Jonathan,Congrats on your first big renovation deal—it’s an exciting challenge!

Refinance after project, cashed out and continue to receive positive cash flow.

The house, built in the early 1900s, was outdated and required major renovations.

Purchased on 4/19/2024 for $20,000, we invested $45,000 in strategic renovations to transform the property.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.