Fix and Flip in Cleveland Ohio

2 Replies

Investment Info:

Single-family residence fix & flip investment in Shaker Hts.

Purchase price: $80,000

Fix and Flip property currently in renovation phase.
Adding new siding, new windows, Replacing forced air heating unit adding central air. All new floors tile, vinyl plank, and carpet. Completely renovating kitchens and bathrooms with new cabinets, tile, floors and fixtures. Replacing some wiring, all switches and outlets and all lights. Painting all rooms inside. Replacing brick patio area with stamped concrete. Resurfacing driveway. Exterminating termites and carpenter bees and repairing damage to sheetrock and framing. Repairing roof leaks.

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

Looking for financial freedom and to leave the workforce for self employment

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

Found through a realtor.

How did you finance this deal?

Using HML and own funds.

Originally posted by @Daimian Leslie :

Hey Daryl, Did you end up selling this property? 

 Hi Daimian.  Yes, The renovation went 2 months past deadline, but I did sell the house.  We closed Feb 14, 2020 and despite the project delays, we were still able to have a profit.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you