Fix & Flip in Akron Ohio 44314

[Michael Magno]

Investment Info:

Single-family residence fix & flip investment in Akron.

Purchase price: $57,500
Cash invested: $26,000

Great single family fix and flip. Getting listed very soon! Should be a pretax profit of around $30k

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

I like entry level fix and flip projects for first time buyer price ranges.

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

I found this right on the MLS.

How did you finance this deal?

CASH CASH CASH

How did you add value to the deal?

We gutted the kitchen, and bathroom. Converted it back to 3 bedrooms from 2 bedrooms. Partially finished the basement.

Lessons learned? Challenges?

Covid really slowed things down this year.

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

My GC is a stud! Even though it took much longer than anticipated.