All Forum Posts by: Drew Dallas

Hey guys and gals,

Quick intro : own my own real estate brokerage focusing on SFH investment properties on south side of Indianapolis as well as a contracting company specializing in SFH real estate construction. Have also created and sold a SFH property management company as well.

Situation : I have been investing with only my own funds but ran into a project that I am unable to get necessary funds by the time we need to close. Seller has given us until end of next week to close.

Only need funds to purchase and hold, I have the funds necessary to complete the renovation.

Overview packet, scope, and POF available.

Our market is incredibly competitive for owner occupants and like everyone else, little to no inventory in this price range, we already have potential buyers lined up for when it is complete and hope to have it sold before we finish renovation.

I own another investment property free and clear that I will put as collateral.

This can be a one time deal but also open to a long term partnership with a JV partner if everything works well. Due to time frame, looking to work with a private individual or group over an investment company.

Message me on here or e-mail me : [email protected]

Amount needed : $140,000

Rehab Amount : $70,000 (my funds)

Duration : 60 day rehab + 30 day closing (90 - 120 days max)

Return : To be determined

Hey guys, 

Quick intro: Have owned a real estate brokerage in Indianapolis for a number of years and have extensive rehab and investment experience. I plan, oversee, and execute every flip, on every level. References available. 

Currently have 3 off market in Indy, vacant properties under contract, ready to close and flip. All 3 in hot areas.

3 additional waiting to be closed after first set completed. 

Looking for JV Partner(s) to get first 3 done, then reinvest money for 24 months.

After 24 months investor receives 100% ROI. That simple.

$300,000 invested = $600,000 back to investor(s). 

Open to payments with ballon or money down, open to negotiation. 

Investor can be secured in whatever manner comfortable; LLC ownership, liens, etc.

If you want to purchase and do them on your own, price for homes only is negotiable. 

Please message me for due diligence on the 3 properties; as well as proof from last flip completed or with any questions. 

Drew

[email protected]

317-679-0303

We have 2 SFH Flips in Indy! We were going to flip these but we unexpectedly got another property under contact that is taking all of our resources.

There is no financing, cash only. 

Quick Overview:

Purchase Both : $120k

All expenses for both : $120k

Total In : $240k

Retail Sale : $340k+ 

Profit : $100k & more if you have a great crew.

Return : 41.6%+

Note: Expense estimate figure includes the renovation, plus all other costs associated with a reno and selling a property.  

Our estimates come from actual costs from our previous flips. We have contractor estimates in hand as well as material costs and links to the exact finishes we are including to give you idea of how we got our numbers. 

Send me a PM or e-mail to [email protected] and I will send you the dropbox file of pictures, comps, tax record. 

Newly renovated duplex. Nothing left to do but cash flow like crazy. All new roof, windows, paint, bathrooms, electrical and plumbing as well as new water heaters. One unit just signed a 24 month lease on December 1, 2015 through 2017. We have prospects for the other side that are going through qualification now. Home is being professionally managed and can be transferred or kept with same management. Also, able to provide criteria that must be met for a tenant, and provide as much info as possible. Please don't hesitate with any questions. 

Dropbox Link : 606-608 Oakland Pictures

Price : $74,900

Rent : $675 per side ($16,200 annually fully occupied)

Taxes : $1,094 Annually

Estimated Maintenance and Vacancy @ 10% : $1,620

Estimated Insurance : $ 1,000

Cash on Cash Return : 16.6%

Call or e-mail with question: 

Drew 

317-679-0303

[email protected]

Renovated duplex in the Mapleton-Fall Creek area of Indianapolis. Area is a solid area that has a ton of owner occupants in both single family and duplexes. We have a single family one block up that we are going to sell for $130k, and two more duplexes in the immediate area that will be renovated once this one is sold. 

Renovation included new roof, doors, drywall and paint, all electrical and plumbing, toilets/vanities/tubs, lighting, flooring in kitchen, half of the windows, refinished hardwoods in half and painted hardwoods on other half, and more that I have not mentioned. 

This property is ready to be cash flowed like crazy. 

Independent inspections / Appraisals welcome. See comps in dropbox, homes and duplexes are being sold for well over $100k. If anything were to come up in the inspection we can take care of it as well. 

If you are financing you should not have any issues with finding an appraisal for at or above offered price. 

We do management but as there are no tenants in place, so you can take to any management company you would like, we have other references for other great management companies as well. 

References from current clients are available as well for both renovations and management. 

Rent : $700 per side per month

Taxes will be max of 2% of new assessment, I would budget up to $2,000 on a new $100,000 assessment. This has not been done yet. 

Link : 2922-2924 Ruckle Dropbox

Asking Price : $95,000

Thanks for looking,

Drew Dallas

E-mail me directly at : [email protected]

or call any time : 317-679-0303

Hello BP, we have had great success in the past selling our property listings and meeting great people in the past through the BP community. Now we are back with some more. 

We have a number of properties for sale in the Indianapolis market. Some are off market, we do have a number that are on the market as well, however,we can still save you money from the list price. These are all professionally managed. 

Please just kindly send a message or pm me and I will send you the link to the properties we currently have available. 

These are all in Indianapolis and are a mix of turn key, units needing light unit turns, and units needing full renovations. 

Have a great rest of the weekend.

Thanks, 

Drew Dallas

Great Turn Key Rental in South Broad Ripple.

Tenant in place and cash flowing. Just renovated in fall of 2014. Lease goes until end of Jan., 2016. Tenant is happy to sign a 1 year extension as well. 

6 months of free management and owner will provide 6 month maintenance free guarantee.

or here is link : 

https://www.dropbox.com/sh/pbe7gylnyttjvat/AADjLGZ...

Let me know if you have any questions. Would be happy to help make a deal happen. 

Drew

Duplex in Indianapolis is ready to go. 

Tenants moving in Feb 15 or before. 

This double is ready to go, everything has been renovated and will be cash flowing before closing. 

1 br / 1 ba on each side, tenants responsible for all utilities, all electric units, no gas. 

Rent Income Monthly : $1,000 ($500 per side)

Priced at : $42,500

Dropbox pictures and info sheet :

https://www.dropbox.com/sh/oke7mj5q3mia7cp/AABvj97...

Thanks again, let me know if you have any questions.

Drew

Hello all,

We have a brokerage / management company in Indianapolis that focuses almost exclusively on investors. Typically we keep almost all deals in house, however, right now there are multiple deals available and most have not put on the market at all. Before I have put them all on the market I wanted to give the BP Community a shot at them. We have met and sold properties to investors on BP before, so why not see what we can do with these.

Contact me and I will send you the file and password to open.

Thanks and have a great day,

Drew

Here are a few pictures :

https://www.dropbox.com/sh/jtgazhz67heshex/AAD5iHKxb5uAUxDpy5ZEz8ZGa?dl=0