How This Investor is Improving Their Hometown One Rehab at a Time
Summary
This article details an investor's strategy of rehabbing homes in Dayton, Ohio, primarily acquired through auctions, to sell for profit. Hosts can learn from her experience by researching, building a local network, and considering auction opportunities for property acquisition. The article emphasizes the importance of thorough due diligence and conservative budgeting.
Key Insights
- •The investor primarily acquires properties through auctions, using Auction.com to find deals.
- •The investor targets a 6-8 week timeframe for a rehab project.
Action Items
- ✓Hosts should research the local market and available properties.Effort: mediumImpact: medium
- ✓Consider attending local auctions to understand the process and identify potential investment opportunities.Effort: mediumImpact: medium
Tools & Resources
- →Auction.com: The investor used Auction.com.(auction.com)
Common Mistakes
- ⚠Underestimating the cost of repairs can kill a deal. The investor's first auction win had undiscovered kitchen-fire damage.
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