Condo Residence Turned Fix & Flip in Columbus, OH

Condo Residence Turned Fix & Flip in Columbus, OH

Investor · Cincinnati, OH · Member since 2017 · 3 posts · 3 votes

Investment Info:

Condo fix & flip investment in Columbus.

Purchase price: $132,500
Cash invested: $11,000
Sale price: $170,000

This was my first real estate purchase ever, and it was not originally meant to be an investment. I purchased this condo as my primary residence, but with how the market was during the Summer of 2021, I couldn't pass up on the opportunity to make some improvements and sell it at a profit.

How did you add value to the deal?

Updates included:
-Paint & white trim throughout
-Laminate flooring throughout first floor
-All new kitchen cabinets and countertops
-Upgraded kitchen appliances
-New carpet in bedrooms
-Laminate flooring, new toilet, new vanity in bathroom
-New water heater and HVAC
Outside of the carpet and HVAC, I completed all the work myself and with the help of my Dad. Overall, it was a great experience, but I can see why it's important to budget for hiring contractors. Looking forward to making similar

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Most Popular Reply

Real Estate Agent · Columbus, OH · Member since 2021 · 98 posts · 101 votes
4y

@Scott Herb What a deal! Keep going man, keep those flips active. Compared to most flips, this seems like a smooth process. Some contractors are a pain to deal with when deciding what to add/update/etc. Either way. What a deal! Happy Investing!

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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    @Scott Herb

    Congrats! You should buy another one now

    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
  • Member since 2021 · 94 posts · 45 votes
    4y

    Nice work, and it's awesome you were able to do almost all the work yourself! Those are great skills to have.

  • Real Estate Agent · Columbus, OH · Member since 2021 · 98 posts · 101 votes
    4y

    @Scott Herb What a deal! Keep going man, keep those flips active. Compared to most flips, this seems like a smooth process. Some contractors are a pain to deal with when deciding what to add/update/etc. Either way. What a deal! Happy Investing!

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    4y

    Congratulations!

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