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Updated over 3 years ago on . Most recent reply

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Justin Goodin
  • Investor
  • Indianapolis, IN
755
Votes |
1,034
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My First Fix-and-Flip!

Justin Goodin
  • Investor
  • Indianapolis, IN
Posted

Investment Info:

Single-family residence fix & flip investment in Indianapolis.

Purchase price: $80,000
Cash invested: $35,000

This is my first fix-and-flip! I am definitely sticking apartment investing but this should be a fun little project.

- PP $80K
- Rehab $35K
- ARV $175K

Most Popular Reply

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,153
Votes |
4,205
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Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Replied
Originally posted by @Justin Goodin:

Investment Info:

Single-family residence fix & flip investment in Indianapolis.

Purchase price: $80,000
Cash invested: $35,000

This is my first fix-and-flip! I am definitely sticking apartment investing but this should be a fun little project.

- PP $80K
- Rehab $35K
- ARV $175K

Very nice. Congratulations!

Speed is critical at this point. Hurry and get it done. Get it sold before the market turns. I always start advertising in the neighborhood (start with a yard sign on the property) when I'm a month away from completion. It seems to work well and cuts a month's expenses and sometimes I don't even need a realtor, so I save those fees as well.

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