Indianapolis Indiana Fix and Flip Loan
Eric M. funded his second lucrative deal with Do Hard Money! He found an adorable two-bedroom bungalow in Indianapolis, Indiana, just steps away from beautiful Tarkington Park. This excellent fixer-upper located minutes away from Butler University and the Children’s Museum, generated a ton of interest on the MLS! Listed at the incredible discount price of only $30k, Eric wanted to take advantage of this incredible opportunity right away. He brought the deal to us at Do Hard Money and we funded 100% of the property purchase price and rehab costs. We also covered 90% of the closing costs for this home, with Eric bringing only $6,751 cash-to-close to make the deal work. To take a look at Eric’s HUD, click here!
Eric worked hard on this property renovation and didn’t waste a single penny! First, he completely refinished the hard wood floors to restore their original shine. Then, he added gorgeous crown moulding to the living and dining areas. Eric also upgraded the kitchen to include sleek, white cabinetry, new stylish tile, stainless steel appliances and butcher block counters. Next, he updated the bathroom with a beautiful new vanity and interior paint job. Eric then added new carpet and paint to all of the bedrooms. To finish off his terrific rehab, he added a covered brick porch and fenced off the back yard. As a result of Eric’s hard work, this home is currently going through a bidding war. Eric anticipates an overall estimated profit of $31,589 on this property after resale. To check out the details* of Eric’s deal, take a look at the table below!
|Loan Details||Cost||% Funded|
|Total Funding Needed for Deal||$83,248|
|Do Hard Money Loan Amount||$76,050|
|Seller Paid Costs||$447|
|After Repair Value (ARV)||$123,000|
|Estimated Net Profit||$31,589|
*Minor loan details not included.
Do Hard Money is so pleased we could fund another profitable deal for Eric! He tapped into the full power of what DHM has to offer. We fund deals which guarantee a profit of at least $10k. Therefore, you won’t waste any of your time and money on a bad deal. Eric took a portion of the profit from his first deal and used it toward his second to make an even larger profit! This is how you become financially independent – by creating a profit portfolio in real estate investments which eventually earn enough revenue that you may never have to work again!
Excited to get started on the road to financial freedom? Just click on this link to schedule your appointment with one of our investment associates. We can discuss your financial goals and help you achieve every one of them. You can also get in touch with us faster by calling 801.948.9774.
If you have a property already in mind, you can also qualify for a hard money loan by filling in the fields in the yellow ‘GET PRE-QUALIFIED’ box on the right. We look forward to helping you achieve high returns on your next real estate investment and turn it into a profitable business. Schedule your appointment today!