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 challenge as we converse,” she mentioned. “We’ll end our twentieth challenge in a few weeks, after which we’ve two extra within the pipeline.”
The Dayton native invests the place she grew up for affordability, and since rebuilding outdated blocks brings her a lot pleasure.
How She Received Began, and Why Dayton
McCormick had at all times needed to speculate, however waited till life allowed it. Podcasts have been the on-ramp that constructed confidence and a roadmap. She focused Dayton as soon as she realized that houses in her hometown have been extra reasonably priced. The neighborhood 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 easy: repair and promote.
“Our funding technique proper now remains to be rehabbing houses to promote,” she mentioned. “We get houses primarily from auctions, websites like yours (Public sale.com) particularly.”
Eight of the 20 properties McCormick has bought within the final 5 years have been by way of Public sale.com, the latest one in June 2025. She targets about six to eight weeks for a rehab.
A present challenge was bought at a tax public sale for $80,000, with about $70,000 into rehab up to now. She plans to checklist it for about $269,000.
Why Auctions Beat the MLS (for Her)
McCormick mentioned 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 photos of,” she mentioned. That threat 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 investorMcCormick 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 buddies who deal with small errands to a contractor who grew to become household. Early on, a subcontractor lingered after hours whereas she toured a stranger by way of a home, staying primarily to make sure she was protected.
“From that second on, I had a reference to this contractor,” she mentioned. “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 check the method, observe in individual, and construct a conservative finances.
Analysis is essentialshe mentioned, whereas additionally operating compsmaking an attempt to see inside if the property is vacant, and speaking to neighbors as prime issues to attain. When estimating prices on public sale buys, she plans for worst-case situations, comparable to 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, nevertheless it delivered the arrogance 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 steadiness sheet win. “The neighbors are affected. They really feel higher,” McCormick mentioned.
As initiatives progress, she’s watched extra householders come exterior to work on their very own locationsand even ask her crew for assist.
“A rehab challenge cannot solely improve the neighborhood, however inspire the neighborhood in some methods,” McCormick added.
Recommendation to Begin Immediately
Schooling first. McCormick suggests listening to podcasts and studying books. She additionally mentioned that she discovered Public sale.com by way of the BiggerPockets podcast, and at one time was listening to 2 to a few BiggerPockets episodes a day.
If auctions are your path, she additionally mentioned to attend some, even when you need to do it for a yr earlier than you’re snug. Then construct your native community the best way she did—by displaying up at auctions, {hardware} shops, and on-line neighborhood teams—so that you’re not alone when points come up.
McCormick’s story suits a busy investor’s actuality: Choose a market you perceive, purchase with a margin of security, and depend on individuals you belief.