Fix and Flip Indiana
I have a fix and flip on the South Side of Anderson, IN in a safe, family oriented, well- established neighborhood. I purchased the property at an estate auction and plan to close within 2-3 weeks. A complete renovation had begun prior to it being halted due to the owner’s passing.
Highlights on property:
Newer Dimentional roof (3 years old)
New windows
All new drywall ready for paint
New bathroom tub surrounds
Nice large floor plan and good layout
Ready to finish interior
ARV: $110,000
Purchase: $48,000
Rehab: $35,000
My cash in deal $18,000
Money borrowed: $65,000
Profit $27,000 (Not including lending fee's)
I'm willing to offer 15% On the loaned amount ($9750) for 5 months or profit sharing. If you are a private investor and have half of the amount I am willing to split the deal for 7.5% ($4,875) on $32,500. Fully secured loan. (The split will only work if there are two investors. I would rather keep it simple with one though)
I am new to the forum and don’t have a lot of posts so to make this as secure as possible for the lender, I will secure the loan with a lien on the property. I own other properties currently with no liens if anyone would rather do a loan on one of those instead.
Please send me a message or email for further details