Indianapolis Dayton Flip

[Anastasia Gamino]

Investment Info:

Single-family residence fix & flip investment in Indianapolis.

Purchase price: $87,500
Cash invested: $162,673
Sale price: $210,000

Buy: Purchase Price 87,500

Rehab: Renovation Budget 74000

Profit: 47327

What made you interested in investing in this type of deal?

We saw the ability to finish the basement and increase the ARV.

How did you find this deal and how did you negotiate it?

Wholesaler

How did you finance this deal?

Cash

How did you add value to the deal?

We finished the basement and was able to raise the ARV and increase profit.

What was the outcome?

This took us 5 months to go under contract. This property is located between Christian Park and Beech Grove. We probably will not flip in the Near Eastside again. Our flips in the townships and suburbs sell a lot quicker!

Lessons learned? Challenges?

Never flip a house without a garage! This was a deal breaker for a lot of people.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nuparadox