All Forum Posts by: Jonathan Plant

I used Auction.com while living in Virginia. Never saw the property. Never visited it. I reached out via craigslist to sell it. Had a wholesaler contact me who had a buyer lined up to rehab the place. It looks like the rehabber did a great job and was able to sell it quickly.

Investment Info:

Single-family residence fix & flip investment in Austintown.

Purchase price: $147,000
Cash invested: $32,000
Sale price: $217,000

Single Family 2448 sq' Residence in a nice small housing development. This is one of the larger homes on the block.

Investment Info:

Single-family residence fix & flip investment in Haskell.

Purchase price: $60,000
Cash invested: $8,000
Sale price: $95,000

Private investor to fund whole deal.

Investment Info:

Single-family residence fix & flip investment in Cleveland.

Purchase price: $19,000
Cash invested: $40,000
Sale price: $47,000

Lost $ on this one.
2 break ins.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $78,000
Cash invested: $6,000
Sale price: $122,500

Rented to own for a few months.

Investment Info:

Single-family residence wholesale investment in Cleveland.

Purchase price: $17,250
Cash invested: $500
Sale price: $23,000

Closed on the purchase on a Monday and closed on the sale that Friday. Quick turn.

Investment Info:

Single-family residence buy & hold investment in Cabot.

Purchase price: $63,000
Cash invested: $28,000

ARV: $115,000
Cashflow: $250

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

Had a reliable person in the area to rehab for me. Great rental area so decided not to sell but to rent.

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

Purchased this bank owned property from auction.

How did you finance this deal?

Personal loan to apply toward a mortgage.

How did you add value to the deal?

Rehabbed interior/exterior.

What was the outcome?

Increased ARV and provided a good rental property.

Thanks Carrie for sharing. It takes a lot to remember to update this post along the way in the midst of a rehab with other things going on in life. This will help motivate and ensure others that this can happen.