All Forum Posts by: Seth Crowder

Is it possible to purchase/rehab a proprty using hard money and then find renters to get a new loan on better terms against the equity on the property? Or would my only option be to sell the property after rehabbing?

LAST DAY TO ACCEPT OFFERS! 

Photos: https://db.tt/Aean7AZpTa

2-car garage and utility basement. House is in good shape with lots of activity/comps nearby. 

4 houses completely redone on the same block, 2 of which are right next door, all sold for near 100K each. 

Across the street is a luxury apartment complex. just on the west side of those apartments are 6 new builds that will be listed for 200K+ once finished. 

Rents in the area are $750-800 per month. 

There appears to be some sort of area renewal effort starting here similar to what is going on in Woodruff Place. 

My strategy would be to spend 20K to make it rent ready, rent it out for a year or two and once the area has sufficiently appreciated, do a nice rehab on it. 

Currently vacant with a lockbox on it. 

Built: 1910

ARV ~ 200K

Comps:

3134 Ruckle St. 1,810 sq feet = 199K

2934 N. Deleware St. 1,632 sq feet = 180K

3051 N. Deleware St. 2,106 sq feet = 177,500

ARV approx: 150K

App. Profit: 30K

Needs about 10K in rehab. 

Built: 1962

Acres: 1.1

https://www.dropbox.com/sh/787fi3yso15t3ls/AACe32q...

This one needs to close on this in a week!

ARV of around $160K based on sold comps.

Needs about 60K in rehab.

128 S. Arlington Ave

https://www.dropbox.com/sh/d9zc9pttgu59jfl/AACFK9wJ1KGceDFq55t7Mgfga?dl=0

Clay, send me a text. 415-513-2356

Built: 1955

Price: $115K

ARV: ~ $175K

Rehab: ~ $25K

Profit: ~ $35K

Square feet: 1,053

3 bedrooms/1 bath

story 1800 sqft 3 bed 1 bath Comps as follow: All comps within 3 blocks PM for details A.) 1214 Evison - 3/2 - 2153 sqft SOLD 5/17 $305K B.) 1218 S State Ave - 4/2 - 2620 sqft ACTIVE $294,999 C.) 1214 S State Ave - 3/3 - 1750 sqft SOLD 2/10 $239,900 D.) 1222 Linden St - 3/3 - 2028 sqft SOLD 1/17 $246K E.) 1157 Spruce St - 4/4 - 3182 sqft SOLD 7/17 $300K F.) 1145 Linden St - 5/4 - 3133 sqft SOLD 5/17 $325K G.) 1229 Spruce St - 4/4 - 2800 sqft SOLD 4/17 $365K

ATTN: INVESTORS IN INDIANAPOLIS

3BR/2BA ranch with a 2 car detached garage.

Finished bonus room or 4th bdrm where original garage was located.

Will be sold "as is" and needs kitchen, new roof, new windows and other updates.

Has new 2.5 ton AC unit, New lift station pump, new PVC drain plumbing throughout and both Bathrooms are updated. Large fenced 1.2 acre lot.

Zestimate over $262K and comps are much higher.

CASH BUYER ONLY. $189K

Lots of buyer interest already. Don’t wait!