All Forum Posts by: Assaf Hazan

Hi everyone, I’m Assaf!

I’m a real estate entrepreneur and investor working in the Cleveland, Ohio market for the past five months. My main focus is on single-family value-add flips, especially in West Cleveland and the surrounding suburbs, including Lorain and Elyria. I enjoy the hands-on process of renovating properties and selling them quickly.

A bit about me personally: I’m married with five wonderful kids. Real estate is currently my side hustle, as I work full-time as a Business Development Manager for a global company. My long-term goal is to transition into real estate full-time.

I’ve built a reliable team that allows me to move fast on new deals. Right now, I’m looking for more investment opportunities and partners with capital to collaborate on future projects. My goal is to complete at least five more flips by the end of the year.

If you’re interested in connecting or have deals in West Cleveland, Lorain, or Elyria, feel free to reach out 

Investment Info:

Single-family residence fix & flip investment in Lorain.

Purchase price: $88,000
Cash invested: $60,000

We are currently renovating a single-family home located near the local high school in Lorain. This spacious property features 4 bedrooms and 2 bathrooms. The project includes a full renovation: a brand-new kitchen, converting one bathroom to a modern walk-in shower, and complete interior painting. Our goal is to bring the property to a high standard and position it for a resale value above $205,000.

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

I was actively searching for investment opportunities in the area when my agent received a tip about this property. As soon as it hit the market, we moved quickly and got it under contract right away. After the inspection, I negotiated further based on the findings, which allowed me to secure the property at favorable terms. Ultimately, I purchased the property following this negotiation process.

How did you finance this deal?

I used hard money

Lessons learned? Challenges?

It better to use cash ;) i am trying to find another good deal and its difficult, main challange is to work with the lender it is my first time and it requires funding since the lender gives money only after a stage is complete and the GC was paid