Projected net profit to investor(s) (before taxes; after profit share): $28,848
These are projections, not guarantees
Answer needed: ASAP
Signed docs: TBD
Submit non-refundable deposit: TBD
Fund project account:TBD
Planned purchase-closing: 6 months
Reno start: Depend how deal is funded
Reno duration: 120 days
Planned listing date: TBD
Your Next Steps:
Best to post your questions below in the comment section (or email email@example.com)
Let us know if you are interested to participate.
Let us know which financing option (see below) is most relevant for you and approx. how much you have available.
High-level Details About Flip:
The purchase price is $60,000
Comps in the area range from
Waiting on final rehab figures, but current estimate is $110,000 including holding costs
Goal selling price is: $260,000
As always, this flip is first come, first serve.
All flips are eligible to be converted to long-term rentals; contact SDI for more details.
This deal only lasts for 12-24 hours. Purchasing from a private source that has other parties that want the property, but promised it to us first. It is not listed on the MLS or anywhere else for sale.
You buy it solo cash / private loan and rehab with cash.
Close with cash and use lender funds to rehab. We have such a mortgage resource for you.
We partner you up with one or more Simply Do It investor(s) using one of these methods.
Funds can be invested in the form of cash and retirement funds.
About Land Trusts:
It’s a way to hold real estate with much more simplicity than an entity or LLC and requires a trust agreement, beneficiaries’ agreement, appointment of trustee and appointment of director. These documents will be provided to the investor(s) who participate in this flip.
House currently features:
Home was built in 1955 and is 1,422 sq. ft.
3 Beds 1 baths
Formal Dining Room
Plenty of Natural Light
The home is a classic but needs to be updated for a modern buyer
Wooded private lot
After Renovation, the House will feature:
4 Beds and 3 and full baths
Increased livable square footage to 2,750 after converting vaulted ceiling attic.
New Master Bed Bath Suite
Remodeled kitchen with new appliances
Open modern floor plan with all new paint and updating
All bathrooms remodeled
Beautifully Restored Front Porch
Painted exterior and new landscaping
New detached 2 car garage
Fall Creek Place is one the most newly sought after neighborhoods in Indianapolis now because of it’s location close to downtown. It also is very close to Broad Ripple and Massachusetts Ave, which host the most restaurants and shopping outside of downtown. You can walk tree lined streets to dine at some of the best restaurants in town. Developers and builders have bought hundreds of lots around this area to build new homes which is driving a trend of increased pricing. It is the ideal circumstance for investors to do renovations in this environment.