Fix and flip
1611 Goodman Avenue, Cincinnati, Ohio
From 1 bed to 4 beds, full basement. In underwriting
Fix and flip
From 1 bed to 4 beds, full basement. In underwriting
Units are membership interests of the dedicated project LLC, reserved for verified accredited investors, delivered only through definitive documents. This page is information, not an offer.
The numbers, as written in the file
| Purchase | $105,000 |
| Works, fixed price quote | $40,000 |
| Financing and closing costs | $14,230 |
| Holding costs, estimate | $2,600 |
| Selling costs, estimate | $12,600 |
| Target resale | $210,000 |
| Target project profit | $35,570 |
| Target project margin | 15 to 22% |
| Target timeline | 6 months |
Who gets paid, in what order
Three scenarios, written before we buy
| Resale | Target project profit | Target project margin |
|---|---|---|
| $200,000 | $26,172 | 15.1% |
| $210,000 | $35,572 | 20.4% |
| $220,475 | $45,419 | 25.9% |
Targets, not promises. The low scenario can go lower: all investments involve risk, including loss of capital.
The works
New layout to four bedrooms, kitchen and bathroom, flooring and paint, basement made clean and dry, mechanicals verified. Fixed price renovation quote in hand.
The calendar
In underwriting. Works about 8 weeks after closing. Target sale within 6 months.
The three risks we write down
Market moves, works overruns, timeline slips. Every file names its three main risks and what we do about each. All investments involve risk, including loss of capital.
What you sign
Operating agreement of the project LLC, subscription agreement, investor questionnaire, accreditation verification. All documents are delivered and read before any commitment.
Reserved for accredited or otherwise qualified investors. All figures are targets, not promises. This page is information, not an offer: any participation happens only through definitive offering documents.