PortraitOutsideDon Petrasek is the creator of the Rehab Offer Calculator and has been involved in the real estate industry for over 20 years as a real estate agent, mortgage broker and investor.

His real estate career began in the mid-1980’s as a real estate agent.  Don worked for three real estate brokerages in the Cleveland area, including a leading Century 21 agency.  Don participated in dozens of transactions as a real estate agent even though he was one of the youngest agents in the office.

Don successfully transitioned to the mortgage industry in the early 1990s where he participated in hundreds of transactions as a mortgage loan officer. He founded and successfully managed a mortgage company in 1993.  Don has been quoted as a real estate industry expert by a number of leading websites, including msn.com.

Don has been buying fixer upper houses since 1992 and currently has a rental property portfolio consisting of 4 single family houses, a condominium, and a two-family house.  All were bank owned when purchased and have been substantially renovated.

 

A Few of Don’s Current Properties:

Single Family House  street view

3 Bedroom, 1 full bath/2 1/2 baths, finished basement, one car garage

Major Improvements: New Windows/Doors, Upgrade Electric, Refinish Hardwood Floors

Purchase Price:  $65,000

Bank Appraisal:  $110,000

 

Front_Victory_SmallSingle Family House

3 bedrooms, 1 bath, finished basement, big backyard

Major Improvements: Roof, Upgrade Electric and Plumbing, Bathroom gutted, Refinish Hardwood Floors

Purchase Price:  $35,300

Bank Appraisal:  $88,000