Fix and Flip off of Primrose Ave (Indy)

[Jacob Messer]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $100,000
Cash invested: $80,000
Sale price: $200,000

This was one of those projects that required more than we initially anticipated.

Despite this, the investor was still able to turn a profit.

Fairly straightforward project:
new kitchen
new bathrooms
added a full bath upstairs
flooring
paint
etc

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

It's always fun to add bathrooms and increase the value of a house.

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

investor came to us.

How did you finance this deal?

investor used hard money (i think)

How did you add value to the deal?

We made a fairly comprehensive scope and were able to fix some problems that came up and still keep the investor in the green.

What was the outcome?

Everyone made money. House was eventually sold.

Lessons learned? Challenges?

nothing went wrong on our end. Definitely make sure you take care of your leaks before they rot out the subfloor (that was the issue we stumbled upon).