Sue McCormick is 5 years right into a plan she lengthy postponed whereas elevating two youngsters as a single mother. “We’re engaged on our twentieth undertaking as we communicate,” she stated. “We’ll end our twentieth undertaking in a few weeks, after which we’ve got two extra within the pipeline.”
The Dayton native invests the place she grew up for affordability, and since rebuilding previous blocks brings her a lot pleasure.
How She Received Began, and Why Dayton
McCormick had at all times wished to speculate, however waited till life allowed it. Podcasts had been the on-ramp that constructed confidence and a roadmap. She focused Dayton as soon as she realized that properties in her hometown had been extra reasonably priced. The group mission issues, too: She loves going into these communities and rehabbing properties to boost these areas.
Technique and a Reside Instance
McCormick’s technique is straightforward: repair and promote.
“Our funding technique proper now continues to be rehabbing properties to promote,” she stated. “We get properties primarily from auctions, websites like yours [Auction.com] particularly.”
Eight of the 20 properties McCormick has bought within the final 5 years have been by means of Public sale.com, the latest one in June 2025. She targets about six to eight weeks for a rehab.
A present undertaking was bought at a tax public sale for $80,000, with about $70,000 into rehab up to now. She plans to listing it for about $269,000.
Why Auctions Beat the MLS (for Her)
McCormick stated she sees higher pricing at public sale than on the MLS, and she or he’s upfront concerning the trade-off: Inside situations are sometimes unknown.
“I’m not essentially afraid of going right into a home that I haven’t seen footage of,” she stated. That danger tolerance is offset by potential reductions.
Managing From 500 Miles Away
Ohio’s on-line foreclosures auctions make a long-distance technique workable. As a long-distance investor, McCormick can get within the recreation with out having to bodily fly to Ohio for each public sale. She has even bid on her cellular phone whereas touring or on trip.
Division of labor helps. She primarily sources the offers whereas her daughter goes to Dayton to test on the progress, with FaceTime check-ins with the contractor in between.
The Contractor Who Stayed—and Stayed
McCormick’s Dayton community spans associates who sort out small errands to a contractor who grew to become household. Early on, a subcontractor lingered after hours whereas she toured a stranger by means of a home, staying primarily to make sure she was secure.
“From that second on, I had a reference to this contractor,” she stated. “He has been with us for 5 years.” And the lesson caught together with her: “Contractors could make or break you… So having a contractor that I can belief is a significant win.”
Due Diligence, Prices, and Early Classes
McCormick urges newcomers to review the method, observe in individual, and construct a conservative price range.
Analysis is essential, she stated, whereas additionally operating comps, making an attempt to see inside if the property is vacant, and speaking to neighbors as prime issues to realize. When estimating prices on public sale buys, she plans for worst-case eventualities, resembling new plumbing, updating {the electrical} system, and changing the roof.
One warning McCormick identified was that underestimating can actually kill a deal. Her first public sale win had undiscovered kitchen-fire injury. They didn’t make some huge cash, however it delivered the boldness to maintain going.
Title vigilance is one other takeaway. After experiencing deed fraud on a property, she now recommends enrolling in a county alert that flags deed adjustments.
Neighborhood Ripple Results
Rehabs have turned out to be a motivator for neighbors, not only a stability sheet win. “The neighbors are affected. They really feel higher,” McCormick stated.
As tasks progress, she’s watched extra householders come outdoors to work on their very own locations, and even ask her crew for assist.
“A rehab undertaking cannot solely improve the group, however inspire the group in some methods,” McCormick added.
Recommendation to Begin In the present day
Schooling first. McCormick suggests listening to podcasts and studying books. She additionally stated that she discovered Public sale.com by means of the BiggerPockets podcast, and at one time was listening to 2 to 3 BiggerPockets episodes a day.
If auctions are your path, she additionally stated to attend some, even when it’s important to do it for a 12 months earlier than you’re snug. Then construct your native community the way in which she did—by displaying up at auctions, {hardware} shops, and on-line group teams—so that you’re not alone when points come up.
McCormick’s story matches a busy investor’s actuality: Decide a market you perceive, purchase with a margin of security, and depend on folks you belief.
