Here’s a real life 30k flip, breakdown of an Indiana real estate deal. Indy real estate case study

by | Indy Anna, Real Estate Investing

Here’s a real life 30k flip, breakdown of an Indiana real estate deal. Indy real estate case study?

Indiana real estate investors check this out: this is a real life example of what we call a “30k Flip”.  I’ll go over all the numbers and do a total breakdown for you in this video.

Here’s a real life example of aFirst of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com.

This is a quick video I made about  a Hero’s experiment…

Indy Anna breaks down another deal, another 30k flip straight from the MLS, Indy real estate dealz.

Today Indy Anna Covers…

The detail of this deal
Comps in the area
Why this area is seeing gentrification on the rise

The property I’m going to share with you today is in between the Riverside and Highland area on the Northwest Side of Indy Metro, specifically on the northwest side of the Wholesale district. It’s an area that’s seeing some more recent rehabs, and you’ll see what I mean when I give you two comps as well.

In the video I included a map of the area for you to get a better idea of where it’s located.

The property is located at 2868 Indianapolis Ave, Indianapolis IN 46208

It’s listed at $38.9K and seems to be about a $30K flip (from pics- and keep in mind your own due diligence is a necessity!)

While the inside is in need of some obvious rehab work- some of the more expensive/big ticket items have been taken care of recently (according to the MLS description)- the roof and siding are new.

Less than 60% all in.

Now with an ARV around $135K, being ‘all in’ at no more than 60% means $81k. After purchase, closing, and rehab around $30K should be doable.

I had one of our Heroes calculate ALL the costs that would come into play based on the last class with closings costs, we will talk about holding costs later but here is what they came up with for all the costs, so the total profit would be potentially >$45k.

Comps.

Now let me move onto the other two comps so you can get an idea of when they sold and purchase price- 

2842 Highland Pl. Indianapolis, IN 46208 sold in August 2020 for

$145.5k

On the next section you’re going to be able to see the other comp to give you an idea of the area/ARV

2628 Indianapolis Ave Indianapolis, IN 46208 sold in Sept 2020
for $124.5k

Now this area you’re going to see ARV’s run from $100K to around $300K on average. The reason for this most recent gentrification taking place- new economic developments.

Tech Hub.

You’re going to see new restaurants and breweries etc (the usual for these developing areas) but there’s a unique heavy hitter here- a $400M biotechnology park (Tech 16) being built (Indiana Ave).

“If you build it, he will come”- Kevin Costner, Field of Dreams aka If you build a massive biotechnology park, employees will come (…and need a place to live)

What is REALLY needed for this is…

But the BIGGEST secret of all to a deal like this one, or any other deal is who you’ve got here in Indy as your boots on the ground – taking good deals and making them great ones.  That’s why when I screen investors 

So to recap,

– I’ve told you about another deal here in Indy
– I’ve given you some other area comps
– I’ve told you why this area is seeing more gentrification
happening

Remember;

If you want to do deals like this text/call me 317 969 5619 (that’s my real number and if I’m in, I’ll answer)
DM or email me, Love (at) BigReia.com.

Thanks so much!

And make the Universe SMILE.

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?

Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord.  Exactly how many Indiana rental properties do you need to make 30 grand a month.  Anna can you help me invest in Indianapolis turnkey real estate investment properties?

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list. 

Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download.

Also perhaps the most important class Azam has done is on the "Frequency of Thought" and how to use the laws of quantum physics to rewire your brain, attract brilliance like a lightning rod and be the best version of yourself.  Check out this epic 3-hour class on Quantum Real Estate.

When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate?  Well that's exaclty what I did with our “People Page” here it is:

A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.

Stay here at BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Income Ascension and Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
(YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

Free Comic Book Reveals:

100 FREE ways to find motivated sellers.