Single-family residence fix & flip investment in Indianapolis.
Purchase price: $100,000
Cash invested: $350,000
We scrapped a 1895 single family home in a downtown neighborhood of Indianapolis, IN and built a brand new home. Home was purchased for 100K with a rehab of 250K. Home will list for 530K. 4 Bedrooms, 4.5 Bathrooms. 2 Master Bedrooms / one on each floor and each of the bedrooms has its own bathroom. High-end finishes throughout, 2 car garage on a huge lot/backyard, large 2nd story loft area, 1st level front porch, 2nd level deck off master and a large deck off the back of the house. I will add images soon
What made you interested in investing in this type of deal?
Great neighborhood and our team is amazing at rehabbing properties and building new homes
How did you find this deal and how did you negotiate it?
This was an off market deal that was brought to us from a wholesaler
How did you finance this deal?
We used hard money to finance the deal but we have our own money tied up also
How did you add value to the deal?
Value was aded buy scrapping the home of the foundation and making everything all new
What was the outcome?
We are almost done with the project and should hit the market shortly for a new home owner
Congrats @Roger Hall - look forward to seeing some pictures of the rehab. Does your team work on rehabs for others as well?
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