All Forum Posts by: Jacob Messer

 Yes! When I make these posts it just asks for cash invested; in this case its the rehab costs. 

thanks for pointing that out.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $144,900
Cash invested: $32,475
Sale price: $220,000

This was a fairly straight forward project:

- New floors (carpet in bedrooms; LVP everywhere else)
- paint walls, ceilings, trim, doors, cabinets, etc
- new bathrooms (re used the tubs)
- new electrical (plugs, switches, fixtures)
- a handful of exterior things; retaining wall, clean siding, rear door, etc.
- typical punchlist items; blinds, knobs, hardware for cabinets and drawers.

What made you interested in investing in this type of deal?

The house was in a nice neighborhood and was well taken care of.

We love to when we can go in and be able to have a simple demo and get right into the work.
No major repairs and complications always bodes well because the scope is typically on point from the get go and the timeline is easy to predict.

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

The wholesalers we are partnered with sold the contract for the house to an out of state investor and he came to us. Luckily for us our bid satisfied and we moved forward from there.

How did you finance this deal?

Not sure how he did it.

How did you add value to the deal?

We came in with a value driven scope and stuck to it. No change orders, no delays, in and out.

What was the outcome?

everyone made money and our client profited $42k

Lessons learned? Challenges?

No lessons here, dreams do come true.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $40,000
Sale price: $187,000

Everyone loves a quick and profitable flip.
This house was in halfway decent shape when we got it. Just needed some love.

We gutted the entirety of the upstairs bathroom and kitchen.
Drywall repairs where needed and paint all over.
Sanded and refinished the hardwood.
Laid vinyl flooring where needed (kitchen, bathroom, one of the bedrooms).
Added a few windows & a new garage door.
Just to name a few things.

What made you interested in investing in this type of deal?

This house was great for the portfolio; It was a home run from start to finish for everyone involved.
We love being apart of projects where everyone is happy. Smiles are key to repeat business haha.

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

An out of state investor bought the contract from a wholesaler we're connected with. We were recommended for the project. It was a simple matter of coming in with a bid that satisfied the needs of the house while minding the needs of his wallet.

How did you finance this deal?

Investor used the BRRR method

How did you add value to the deal?

We completed the flip in a month's time

What was the outcome?

$40k profit for investor; everyone happy!

Lessons learned? Challenges?

sanding and sealing the hardwood is always a good choice. It looks so good.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $40,000
Sale price: $187,000

Everyone loves a quick and profitable flip.
This house was in halfway decent shape when we got it. Just needed some love.

We gutted the entirety of the upstairs bathroom and kitchen.
Drywall repairs where needed and paint all over.
Sanded and refinished the hardwood.
Laid vinyl flooring where needed (kitchen, bathroom, one of the bedrooms).
Added a few windows & a new garage door.
Just to name a few things.

This project is what dreams are made of; 40k profit in the span of 4 months (project start to house sale).

What made you interested in investing in this type of deal?

This house was great for the portfolio; It was a home run from start to finish for everyone involved.
We love being apart of projects where everyone is happy. Smiles are key to repeat business haha.

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

An out of state investor bought the contract from a wholesaler we're connected with. We were recommended for the project. It was a simple matter of coming in with a bid that satisfied the needs of the house while minding the needs of his wallet.

How did you finance this deal?

Investor used the BRRR method

How did you add value to the deal?

We completed the flip in a month's time

What was the outcome?

$40k profit for investor; everyone happy!

Lessons learned? Challenges?

sanding and sealing the hardwood is always a good choice. It looks so good.

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $90,000
Cash invested: $105,000
Appraisal price: $250,000

both units needed a complete rewire. So you know how that goes. Got it done and patched everything up.
Trim painted and replaced where it needed it.
Quarter round installed everywhere.
Vinyl flooring all over.

We gutted the bathrooms and kitchens and made them anew (see picture).

Exterior siding and paint, some foundation work, etc.

There are plenty more details;
the takeaway, this place was big and had a ton going on.

Investor was happy with this one (see last pic).

What made you interested in investing in this type of deal?

You're happy to "have your name" on projects like this.
It was a complex endeavor and was in an area that is getting nicer everyday.

This was a really good buy for the investor and we knew he'd make a great profit on it.

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

He approached us.

How did you finance this deal?

He used the BRRR method to fund it.

How did you add value to the deal?

Facilitated contracts and labor; start to finish.

What was the outcome?

Everyone involved made money.
The investor will profit about $50k when his deal closes.

Lessons learned? Challenges?

The investor sat on his decision to go through with the complete rewire of the house.

Ultimately it was required by law to be handled in some capacity and he decided to go with a thorough solution that handled the problem entirely.

Hindsight is 20-20 but it did take him some time which ultimately stalled the project.

Other than that, we are grateful to have been involved and proud of what we left behind.

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $90,000
Cash invested: $105,000
Sale price: $245,000

Our client came into the project as the owner of the duplex.

***Note that the pictures are of the right unit only.
Both units mirror one another in look and scope.

This house was not pretty to start.
We cleaned it up good and started on the drywall,
both units needed a complete rewire. So you know how that goes. Got it done and patched everything up.
Fixed a few ceilings, patched some holes, and painted everything.
Trim painted and replaced where it needed it.
Quarter round installed everywhere.
Vinyl flooring all over.

We gutted the bathrooms and kitchens and made them anew (see picture).

Exterior siding and paint, some foundation work, etc.

There are plenty more details;
the takeaway, this place was big and had a ton going on.

Investor was happy with this one (see last pic).

What made you interested in investing in this type of deal?

You're happy to "have your name" on projects like this.
It was a complex endeavor and was in an area that is getting nicer everyday.

This was a really good buy for the investor and we knew he'd make a great profit on it.

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

He approached us.

How did you finance this deal?

He used the BRRR method to fund it.

How did you add value to the deal?

Facilitated contracts and labor; start to finish.

What was the outcome?

Everyone involved made money.
The investor profited $50k.

Lessons learned? Challenges?

The investor sat on his decision to go through with the complete rewire of the house.

Ultimately it was required by law to be handled in some capacity and he decided to go with a thorough solution that handled the problem entirely.

Hindsight is 20-20 but it did take him some time which ultimately stalled the project.

Other than that, we are grateful to have been involved and proud of what we left behind.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $162,500
Cash invested: $110,000
Sale price: $368,500

This was a rather ambitious project.
This single family home located in southern Indianapolis saw an unbelievable amount of changes.

The floor plan was completely redone and the house was gutted to its bones. We ran all new electrical, new plumbing, and new HVAC. All new windows, all new siding, new flooring.. basically everything in the house is new.

A smashing success for everyone involved!

What made you interested in investing in this type of deal?

Taking on such a big flip was great experience for me as a contractor.

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

The investor came to us and that was that.

How did you finance this deal?

Outside investor

How did you add value to the deal?

Was GC

What was the outcome?

Great success, lots of profit.

Lessons learned? Challenges?

The government and permit office is a big great machine and sometimes you just have to accept you are at the mercy of it.