2nd Flip - Waveland, IN

[Isaiah Foster]

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