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Updated over 5 years ago on . Most recent reply

User Stats

50
Posts
48
Votes
Justin Campbell
  • Flipper/Rehabber
  • Columbus OH & Los Angeles, CA
48
Votes |
50
Posts

Old Towne East fix and flip.

Justin Campbell
  • Flipper/Rehabber
  • Columbus OH & Los Angeles, CA
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $153,000
Cash invested: $75,000

This is a property in Old Towne East in Columbus,OH. Solid fix and flip. With a 460k ARV

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

This area is hot in Columbus and the numbers work great.

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

I found it through my GC. The sellers were asking 175k. We came in at 145k cash. We met in the middle at 153k.

How did you finance this deal?

I put up cash for the purchase. I am using private money for the other half of the purchase and rehab.

How did you add value to the deal?

This is a full renovation.

What was the outcome?

We just started last week. I will update when finished!

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

Yes. DM Me!

Most Popular Reply

User Stats

6,253
Posts
7,115
Votes
Remington Lyman
#5 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
7,115
Votes |
6,253
Posts
Remington Lyman
#5 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Originally posted by @Justin Campbell:

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $153,000
Cash invested: $75,000

This is a property in Old Towne East in Columbus,OH. Solid fix and flip. With a 460k ARV

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

This area is hot in Columbus and the numbers work great.

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

I found it through my GC. The sellers were asking 175k. We came in at 145k cash. We met in the middle at 153k.

How did you finance this deal?

I put up cash for the purchase. I am using private money for the other half of the purchase and rehab.

How did you add value to the deal?

This is a full renovation.

What was the outcome?

We just started last week. I will update when finished!

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

Yes. DM Me!

 Nice! Glad to see this area of Columbus, Ohio is continuing to get gentrified.

  • Remington Lyman
business profile image
Reafco
5.0 stars
12 Reviews

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