INV Ref – PRX1840

88 ORCHARD ST RITTMAN OH

Updated Progress

01/03/25

The property rehab has reached an exciting stage, with all milestones successfully completed, and the house officially listed on the market. There has already been a positive reception, including an offer on the property, and an open house is scheduled for this Sunday to generate additional interest. Progress has been smooth, with no issues or delays impacting the timeline, and the project remains comfortably on budget. Photos of the property are available to share, showcasing its transformation and readiness for prospective buyers.

Collin advised us that he has done 3 reductions so far and he plans to do them weekly now until the property sells. His goal is to find a buyer in December, he feels that things have been slower due to the holiday season.

Collin informed us that on Saturday 11/30 he has another open house and hopes to get the property under contract. If the property isn’t under contract, he plans on reducing the price come Monday.  We advised Jimena of the update and she will get with her investor.

He shared that he has scheduled another open house for Saturday, 11/30, with the goal of getting the property under contract. If the property is not under contract by then, he plans to reduce the price on Monday. They have informed Jimena of this update, and she will discuss it with her investor.

The property is already listed on the market, and he will send photos if necessary.

The property rehab progress is nearly complete, with painting and demo finished. The remaining tasks, including the bathroom, flooring, and kitchen, are expected to take another two weeks or less to finalize. More than half of the work has been accomplished, and there have been no reported issues or delays with the rehab. The next significant action is to finish the rehab and list the property on the market. Budget-wise, everything is on track, and she will also send photos for sharing with the PML.

1st Month

2nd Month

SUPPORTING DOCUMENTS

SIGNED AMENDED OPERATING AGREEMENT

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WIRE INSTRUCTIONS

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STATEMENT OF WORK

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SIGNED JV and HHA

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MEMORANDUM JV

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SIGNED MEMORANDUM JV

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SIGNED MEMORANDUM JV

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SIGNED AMENDED OPERATING AGREEMENT

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APPROVED LOAN DETAILS

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RENOVATION ARV

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NO EXPERIENCE WORKSHEET

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JVA

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HHA

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AMENDED OPERATING AGREEMENT

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