All Forum Posts by: Josh Gallagher

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $65,800
Cash invested: $18,500
Sale price: $102,500

Relocated to Dayton Ohio last year to fix up my first 100-year-old house. I was hoping to live in it for two years and rent out the spare room on AirBnB but the world changed and decided to sell and move back to CA to be closer to family. Put in a ton of blood, sweat, and tears and ended up making a few bucks at the end of it.

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

I found it on the MLS while out in the area looking for small multi-family properties. Was listed on and off for 3 years starting at 89k. I went under contract and was able to get the price down to 66k.

How did you finance this deal?

FHA type Ohio loan program with a 5% down payment.

How did you add value to the deal?

Floors, kitchen remodel, paint, roof, double pane windows, minor landscaping.

What was the outcome?

Not what I was expecting to do with the property but was able to flip it and make some money on the deal.

Lessons learned? Challenges?

Concrete countertops are more challenging than I expected. Expoxy makes a great finish that covers a LOT of imperfections.

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

The agent Shelly Blackman with KW in the Dayton area. He was great to work with and will do so again if I decide to go back.

@Jake Walroth I'm hoping to do just that. I've got a wide net right now but when I'm out there from the 15th-25th I hope to narrow it down to a much smaller area that I'll focus on going forward.  

When I say southern I mean within a regular commuting distance of Cincinnati, Dayton, or Columbus. I'd consider outside that but not knowing the state as well as I plan to eventually I figure it's a safer bet to get this first deal closer to a metro area. 

I'm considering Cincinnati, and I'd like to check out 1-2 properties currently listed there but most of what's in my price range (150-250k) that I could find online are listed in the Columbus/Dayton/Springfield area.

Hi y'all, I was hoping some investors in the central/southern Ohio area could recommend some agents to look up. I'm moving from out of state and I'll be staying in the Columbus area for 10 days starting next Monday and want to have an agent lined up to work with while I'm there. I'm specifically looking at multi-family properties. Thanks in advance for the help guys!

@Dylan Vargas Thanks for reaching out! Glad to see there are a few investors up here. I also sent you a PM.

Thanks for the welcome guys! Looking forward to learning more from the community.

Hi everyone, 

I'm currently a senior at CSU Chico with a major in accounting. I've been investing in the stock market through my Roth IRA for about 8 years. Recently I found bigger pockets through r/personalfinance and have been kicking myself for not figuring out that real estate investing is where I should have been years ago. I grew up in construction mostly HVAC and have been doing handyman work for friends and family for years. First year goal is to househack a single family / duplex, then BRRRR going forward. Chico is a small market but hoping to find some local investors to connect with here on BP. Glad to finally be a part of the community and thanks for reading.

~Josh Gallagher