ISO Flipping Partners

[Trent Stone]

We are currently looking for a money partner for 1620 Fletcher Ave Indianapolis, IN, 46203. We have the property under contract for $160,000 and plan to spend $50,000 on the renovation for a total of $210,000, not including financing costs. The property was renovated in 2016 and we expect the repairs to be somewhat minimal. Our contractor will give us a scope of work next week and we will update our rehab budget accordingly. After repair value is estimated to be at $300,000, after holding costs our target profit is $69,814 and a turn-around time of 90 days. This deal is located right next to the exploding neighborhood of Fountain Square. Rehabs and new builds around our subject property have been sold between $350,000-$450,000. This deal has huge potential to sell for over $300,000. We have provided investment options for this project below. Investment report and sample JV agreement can be sent on request.

Option A: $20,000 and qualify for an investment loan to fund the purchase and rehab. $8,000 return after repayment of principal or a %20 equity share, whichever is greater.

Option B: Fund the entire estimated $210,000 project cost at %12 annualized interest and 2 points paid at closing.

If you have any questions please contact Melissa at 801-159-0519 or Trent at 760-977-0777. Let us know which option suits your investment preference and we will send a finalized JV agreement for signature.

Best Regards,

--

Trent Stone

760-977-0777

stoneproperties.org