Indianapolis Fountain Square Flip and Sale Investment

[Adam Vondersaar]

Investment Info:

Single-family residence fix & flip investment in Indianapolis.

Purchase price: $102,000
Cash invested: $130,000
Sale price: $330,000

Converted this 100yr old 2 bed 1 bath home into a 3 bed 3 full bath.

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

MLS

How did you finance this deal?

Hard Money

[Nick Giulioni]

Looks amazing! Good job!

[Alfredo Castro]

@Adam Vondersaar

Thanks for sharing this! Congratulations on a successful flip! I have a few questions if you don't mind. Please keep in mind that I live in expensive and competitive Los Angeles so if my questions sound odd or obvious, this is why.

1. Is it common that good deals like this can be found on the MLS out there?

2. How long was it on the MLS before you purchased?

3. Was the purchase price of $102,000 the original asking price? If not, how did you negotiate them down?

3. I see you used hard money: did you have any personal money in the deal at all?

4. How long did rehab take?

5. How long did it sit on the market before it sold?

Congrats again and thanks in advance if you're able to entertain my questions.