All Forum Posts by: Robert Richmond

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $162,000
Cash invested: $197,000
Sale price: $255,000

Fix and Flip. 24% ROI in just 2.5 months! OR, 115% ROI annualized.

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

Very quick fix

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

MLS and with Experience

How did you finance this deal?

Cash - Multiple Investors

How did you add value to the deal?

Quality Contractor work

What was the outcome?

24% ROI in just 2.5 months! OR, 115% ROI annualized.

Lessons learned? Challenges?

Ask local lenders for unique Portfolio programs that offer great benefits to home buyers depending on the area. Found a lender offering a homebuyer 0 down, with amazing rate, NO PMI, AND closing costs assistance! Because of the home's location. Making it very attractive on the resale with the appropriate marketing.

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

Robert Richmond, of course!
Cliff Masink for the Contractor work!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $192,000
Cash invested: $224,000
Sale price: $254,000

Fix and Flip. 10% ROI in 3 months. 40% ROI annualized.
Only bought this one to help someone out. Wasn't looking for massive returns.

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

Wanted to help someone gain experience.

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

MLS and with experience

How did you finance this deal?

cash

How did you add value to the deal?

quality contractor work

What was the outcome?

10% ROI in 3 months. OR, 40% annualized

Lessons learned? Challenges?

converting the bathroom was a fun project, and worked out better and more cost effective than hoped!
Poor timing on listing, held up do to contractor workload

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

Robert Richmond, of course!
Cliff Masink for the great contractor work!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Cash invested: $45,000
Sale price: $280,000

Standard Fix and Flip with an ROI of 20% in just 4 months. Annual ROI of 60%.
Identified, Negotiated, Overseen, and Listed property from Finding to Closing.

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

favorite kind of deal

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

MLS and with experience

How did you finance this deal?

cash

How did you add value to the deal?

Quality contracting work

What was the outcome?

20% ROI in just 4 months

Lessons learned? Challenges?

Timing was crucial!

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

Robert Richmond, of course!
Cliff Masink for contracting 100%!!

Hi Paul, and everyone else.  I have a great GC in Cleveland I can highly recommend.  Extraordinarily knowledgeable, decades of experience and professional.  Let me know if you or anyone else would like his contact info.