How This Investor is Improving Their Hometown One Rehab at a Time
3 months agoDayton, OHScore: 78
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.
Watch Out For
- ⚠Underestimating the cost of repairs can kill a deal. The investor's first auction win had undiscovered kitchen-fire damage.