Fix and Flip in southern Indianapolis

[Jacob Messer]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $144,900
Cash invested: $32,475
Sale price: $220,000

This was a fairly straight forward project:

- New floors (carpet in bedrooms; LVP everywhere else)
- paint walls, ceilings, trim, doors, cabinets, etc
- new bathrooms (re used the tubs)
- new electrical (plugs, switches, fixtures)
- a handful of exterior things; retaining wall, clean siding, rear door, etc.
- typical punchlist items; blinds, knobs, hardware for cabinets and drawers.

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

The house was in a nice neighborhood and was well taken care of.

We love to when we can go in and be able to have a simple demo and get right into the work.
No major repairs and complications always bodes well because the scope is typically on point from the get go and the timeline is easy to predict.

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

The wholesalers we are partnered with sold the contract for the house to an out of state investor and he came to us. Luckily for us our bid satisfied and we moved forward from there.

How did you finance this deal?

Not sure how he did it.

How did you add value to the deal?

We came in with a value driven scope and stuck to it. No change orders, no delays, in and out.

What was the outcome?

everyone made money and our client profited $42k

Lessons learned? Challenges?

No lessons here, dreams do come true.