How to make 50k on a single flip right off the MLS, Indy real estate real life example of real deal

by | Real Estate Investing, Indy Anna

How to make 50k on a single flip right off the MLS, Indy real estate real life example of real deal?

Here’s how to make $50,000 on a single flip in the Indy real estate market, a real-life example.  It is important real estate investors know that these deals are real and see actual examples so in this video I’ll go over the details of a real example.

First 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 from the MLS…

How to make 50k on a single flip right off the MLS, Indy real estate real life example of real deal…?

 

The address for this property is 1518 N. Lasalle St, Indianapolis, IN 46201.

At the time of this video the property was listed at $29,000.  It is a fire damaged.

So here’s what’s happened to this deal:

It has been previously rehabbed before the fire, and the fire (according to the MLS
and pics) was mainly contained to the kitchen area.  So yes, there is going to be some rehab work needed on this one.

Let me break down the numbers for you:

Listed at $29K with an ARV of $210K+.

So to be all in at no more than 60% (where we try to keep our investors), you’re going to have around $87K to work with.

Now keep in mind, this particular one was rehabbed before, those pics (at the time this video
was made) are still up and you can see the level of finish this area is being rehabbed to.

I know what you might be thinking:

Anna, a literal fire sale?

Really?

BUT when you look at the numbers, and see it seems pretty much isolated to the kitchen area (remember, you’ve got just shy of $90K to work with here and still come out ahead), it can still make sense in some cases to move along even with a fire damaged property.

(I’ve got other classes on fire damaged properties too)

Now this is on the near East side of Indy, and the area is seeing some more recent gentrification
happening. 

For comparison to this craftsman style property, take a look at some comps:

1414 N Tuxedo Ave,
Indianapolis 46201.

It just sold two months prior to the listing I just broke down for you for $213K.

1333 N. Oakland Ave Indianapolis, IN 46210

Sold one month prior to this video for $229.9K.

1522 N. Tuxedo Ave Indianapolis, IN 46201

Sold six months prior to this video for $268.8K.

On this next slide, I will show you a map of the area, so you can see where in Indy it’s located exactly. 

Just watch the the video for that map.

Historical home renovation in this area is taking place, and seem to be following in line to the more well known areas of Indy that have done the same.  The areas like Fountain Square, Bates Hendricks, etc.

So with a deal like this one, and remember this is just like the 50k flip I broke down for you before, it is going to be in proximity to Indy Metro.  This is good employment and living in a culturally diverse area that end users are looking for (as is typical with metro gentrification patterns of “C” class being rehabbed into “B” class scenarios).

There’s is a historic factor here.

This area has historically been a buy and hold investor area, but we are seeing some very recent changes in rehab developments (like the example I just gave you of a similar property).  This is in part  responding to hyper vacancy being addressed and city planning to redevelop.

Indy and our middle class jobs being boosted with steady economic growth.

I’ve covered before in a few classes how Indy is quickly becoming a tech hub of the Midwest, and our established medical development companies are continuing to expand.

Taking a quick walk from Circle Monument downtown and out to these little burbs. You’ll see
exactly what I mean in the transformation many areas are seeing, Brookside park being no
different. 

But the biggest thing to having a deal like this, or any deal for all investors is going to be your
boots on the ground and who you’ve got here to work with.

This is going to take any ‘okay’ investment and make it a GREAT one.

So to recap;
– I broken down another $50K plus deal for you straight from the MLS
– I’ve covered where this one is for you, and why this is ANOTHER up and coming area to
Indy
– And I’ve covered what’s most important for any investor to consider in all deals

So to be clear for each of the deals I also have and am doing deals in these areas and in these
neighborhoods.
– My point is to show you that even during “end times” if you have the right boots on the ground
then you can find Gold Flips all day long
– Also these are deals that even after I do a video about they are still available for several days
lol
– Opportunity is everywhere, especially in the Indy market that should be clear and it should also
be clear how important working with the right person is too, I’m doing these deals everyday and
you can too – anybody can

So here is what to do next…

If you want to do deals like this call me 317-969-5619.

Remember that’s my direct line (that means if I’m in, YES, I’ll actually answer lol) OR send me an email
Love (at) BigReia.com.

And as always remember…

Make the Universe Smile.

Thanks so much!  = )

~ Indy Anna

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. 

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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:

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