Call us: +1 858-255-1012

18110 Libby

Before Rehab

DSC_1457
« 2 of 17 »
 
Details:
AddressProperty typePurchase PriceRehab costARVDate of PurchaseProjected timeline for
refinance or sale
18110 Libby Road, Maple Heights, OH 44137Residential Class C$38,500$1,000$62,00006/24/20154 months
 
Date of SaleSales PriceCoCAnnualized ROI% Difference of Projected
vs Actual ARV
% Difference of Projected
vs Actual Rehab
% Difference of Projected
vs Actual Timeline
12/22/2015$62,90017%34%+1.4%+303%+20%
 
Timeline:

12/29/2015

Sold -working out finals details to determine EAC profit.

12/15/2015

Sells on Dec 23 2015.

12/01/2015

We’re really aiming to close for week of the 14th. Banking and ITIN delays have been the main hold ups. Garfield buyer is visiting Cleveland that week and can’t receive his banking docs without visiting a local branch (his account was locked due to some transfers.) The Libby buyer barely speaks English and it’s been a slow crawl….he is receiving his ITIN this week and should have the rest squared away.

11/17/2015

Libby will follow that closing.

10/20/2015

Was supposed to close last week, but awaiting appraisal from lender.

10/06/2015

All 3 properties are now under contract for sale, subject to financing, and set to close within next 5 weeks. Libby – Oct. 13

09/22/2015

Unit is rented, we are pending a section 8 inspection for this Friday. Tenant should be in by October 1st as well, as long as everything goes smooth. We are also in need to do the concrete driveway, after it has been completed we can request a re-inespection from City and get the funds released from Escrow that the Title company is holding.

06/24/2015

Date of Purchase