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Updated over 1 year ago on . Most recent reply

User Stats

14
Posts
4
Votes
Guisselle Martinez
  • Investor
4
Votes |
14
Posts

Our first flip in Indianapolis!!

Guisselle Martinez
  • Investor
Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $82,900
Cash invested: $20,000
Sale price: $167,500

First flip. Not a lot of money, good experience :)

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

House was in bad condition but had potential. It just needed some TLC. I've always liked Real Estate.

How did you finance this deal?

I had cash from my home which I sold back in my country.

Lessons learned? Challenges?

Finding a deal can be the most challenging part. However, it can be equally frustrating when contractors don't show up or aren't prepared to work.
Also, time is a crucial factor when it comes to making money in Real Estate. It's unfortunate that we were only able to work on weekends, which might have affected the profitability of the deal

Most Popular Reply

User Stats

2,642
Posts
1,096
Votes
Kerry Noble Jr
  • Investor
  • Indianapolis, IN
1,096
Votes |
2,642
Posts
Kerry Noble Jr
  • Investor
  • Indianapolis, IN
Replied

Congratulations!

  • Kerry Noble Jr
  • Loading replies...