INV Ref – PRX9092

1425 MOUNT VERNON AVE COLUMBUS, OH

Updated Progress

05/07/25

The property is on track for closing and has already been listed on the market. At this time, there is no buyer in place, so a title company has not yet been selected. No challenges have been reported, and everything appears to be moving forward as expected.

 
Rehab is officially complete, and everything is lined up for listing this Friday! The property will hit the market at $199,900, a price that confidently reflects the quality of the updates throughout. The listing will be handled by the owner’s wife, who’s a licensed realtor. No backup plan in place just yet, but there’s solid confidence in how quickly this one will move. The finish line is in sight, and momentum is definitely strong!
The rehab is coming together fast, now about 75% complete and moving steadily toward the finish line. No pending permits, keeping everything on track without delays. Completion is expected before the end of the month, setting the stage for the next big step—listing next week. Exciting times ahead! Updated photos will be shared soon, capturing the transformation in progress. Stay tuned for the final touches!
Renovation work began yesterday, with progress made on removing items from the roof and preparing the exterior for painting. This week, work will focus on rehabbing the drywall and updating the bathroom vanity. There are no pending permits or inspections, and the project is expected to be completed before the end of March. No issues or delays have been encountered so far. The next significant action will involve considering refinancing, though a decision to sell has not yet been made. Photos will be shared once the requested email is sent. He is also asking for the process draw request. 

1st Month

SUPPORTING DOCUMENTS

RECORDED MEMORANDUM

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SIGNED JV HHA

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PERSONAL GUARANTEE

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SIGNED PERSONAL GUARANTEE

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PRELIM TERM SHEET

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JV AND HHA

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DEAL ANALYSIS CALCULATOR

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JV HHA OA PG

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WIRE INSTRUCTIONS

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SIGNED OPERATING AGREEMENT

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SIGNED JV AND HHA

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OPERATING AGREEMENT

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JV AND HHA

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SCOPE OF WORK

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SIGNED PRELIM TERM

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RENOVATION ARV

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EXPERIENCE WORKSHEET

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