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Updated over 1 year ago,
2nd Flip - Waveland, IN
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $80,500
Cash invested: $8,050
My business partners and I just purchased our 2nd flip with our business, AIM Investments, LLC.
This property is ~1,500 square feet with 3 bedrooms and 1 bathroom.
We are working with a local contractor that has experience with flips, and will be putting $25k into the home.
$80,500 purchase
$8,050 cash down
$8,050 closing costs (Hard Money Lender)
$25k reno costs
$175k ARV
How did you find this deal and how did you negotiate it?
We found this deal on the MLS through our realtor. Original asking was $120k, then was decreased to $100k. We offered $80,500 and it was accepted as the seller needed to move out ASAP.
How did you finance this deal?
F Street Investments - Hard Money Lender