Akron Ohio Fix & Flip Project done and SOLD!

[Michael Magno]

Investment Info:

Single-family residence fix & flip investment in Akron.

Purchase price: $57,500
Cash invested: $26,000
Sale price: $122,500

Great single family fix and flip. The property was built as a 3 bedroom home. The previous owners turned it into a 2 bedroom home. I simply converted it back to a 3 bedroom home to maximize ROI for the neighborhood.

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

I enjoy fixing and flipping in neighborhoods that need affordable housing.

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

Straight off of the MLS.

How did you finance this deal?

Purchased with cold hard cash.

How did you add value to the deal?

Gutted the kitchen and bathroom to make them more modern and bring them into the 21st century. All new paint, flooring, lighting, and a few other odds and ends.

What was the outcome?

Sold the property in 2 weeks.