Updated over 4 years ago on . Most recent reply
Buying Indianapolis help
Hi guys,
Seem like a good to be true deal.
a half construction job getting sold in Indianapolis, IN
Good neighborhood up and coming. Electrical plumbing and hvac all done. Inspection needed, permits pulled. General contractor willing to finish the job for another 50-60k in 3-4 weeks ( sheet rocking and I believe bathrooms and kitchen). Arv about now maybe 400k last arv was checked 2019 for close to higher 300k near 400k
am I missing something ? Should I take on this deal? What should I look for ? Any good PM that will guide and help through keeping a lookout? During construction.
Should I create a contract with the current general contractor so I’m not screwed to finish in a timely manner?
I would be taking this on with a hard money lender. I don’t want to be screwed with a lingering job and pay high interest maybes for months