During the pendency and term of this contract, Seller shall not change any existing lease, enter into any new lease or make any substantial alterations or repairs without the consent of the Buyer.

Homes in need of repair or renovation can still be found at competitive prices, creating significant upside for those willing to invest the time and resources.Rental Market Backup: Investors also have the benefit of Indianapolis’ strong rental market as a fallback option.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

Purchase price: $274,900 Cash invested: $66,511 Sale price: $400,000 Estimated a lot more on repair cost than actual cost.

If they don’t, they could be forced to rely on reserve funds or even increase dues to cover the shortfall until the homes are repaired or rebuilt.

If the tenant is not allowing access to do a repair (NEVER in 10 years has this happened to me) you put a 24 notice on the door and go in.

As these properties are all paid off in full, we are considering re-financing a few of them at some point for repairs, but also to potentially expand the portfolio as well.Thanks again,Phil 

this offers less repairs and greater rental possibilities because the property is in the best condition posable.Feel free to connect for any more information.  

Easy return, purchased new from the builder, great ROI off the bat. 0 repair cost first few years.

Being harder on the property means more intensive repairs & maintenance, particularly on a unit turn.3) If your focus is just cashflow, this may be a good strategy because the tenants tend to stay longer and the rent is backed by the government.