All Forum Posts by: Jerry Ellis

 As of now I do not although I plan on saving a bunch because I am doing the work myself. Hopefully soon I will have a good ballpark figure and I'll post it. 

Went to the property today and took some quick pics of the front exterior. I plan on making a post about the house and my progress on my website. I will link it to this post when I do. Until then here are some quick pictures.

DM me if you need a contractor in the Indianapolis area! We do remodels and new construction!

If you ever need a contractor then DM me. We do full remodels, rebuilds, and new construction all around Indy + plenty of references. My contact details are on my profile and business page.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $10,000

We plan on gutting most of the home and remodeling it. We just acquired the property and are finally about to get started!

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

Years ago before the economy collapsed, we used to fix and flip homes. We always wanted to do it again and we are finally getting back into it!

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

We found the home by driving around. The deal was a personal cash deal with the old owner from Florida. We just offered her a good price and she accepted.

How did you finance this deal?

We paid cash with a cashiers check.

How did you add value to the deal?

We told her we wanted to rehab the home and breathe new life into it.

What was the outcome?

It is currently still ongoing as we are just getting started with our remodel.

Lessons learned? Challenges?

TBD

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

We did not work with a real estate agent yet on this deal.

Happy to help. My sons and I have extensive knowledge and have been building and repairing homes for over 30 years. We most recently worked with UbuildIt Indianapolis with builder Guy East for over a decade as framers until he recently passed away and we have been hunting for work since. We are a 4 man crew.

One of my sons has been creating a website (still a work in progress) and a Facebook page for our business I will drop the link to the site below.

Feel free to send me a DM anytime!

Construction Company In Indiana - Jerry Ellis Construction LLC