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Flipping Homes in Broad Ripple
February 26th, 2011
The current Real Estate Market has created many fantastic Investment Opportunties throughout the country. Prices are down foreclosures/HUD Homes etc. are coming on the market daily, creating many great chances for investors to buy Real Estate at a discount, rehab the properties, and sell for a profit.
We at The Andrew Neal Group at Century 21 Scheetz in the Indianapolis area love to invest and help other investors profit from buying HUD/Foreclosure Properties, help rehab the property, and then we sell it for a substantial profit. Here is a video below of one of the homes we are working on currently in the South Broad Ripple area on the Northside of Indianapolis, a hot area for investing.
Before:
http://www.youtube.com/watch?v=99fmH-CmpWc
After:
http://www.youtube.com/user/andrewnealgroup#p/u/3/ue16vFdzZBA
My personal favorite area to invest is in Broad Ripple. In the Broad Ripple Area, we purchase homes typically between 20k-40k cash for our investors and then rehab them for between 25k-35k. The homes are usually HUD, Bankowned, or Estate Sales. We then go on to sell the homes for between 95k-120k. The renovations to the homes typically include, new roof, repaint siding, new windows, restain hardwoods, ceramic tile kitchen, new cabinets in kitchen, new granite countertops, new stainless appliances, paint interior of home beige with white trim, possibly finish basement if numbers work, etc. We then stage the home and put the home on the market. The home’s typically sell within 1 day-2 weeks on the market.
The Andrew Neal Group helps investors locate potential properties throughout the Indianapolis area. The most popular places are in Broad Ripple and Eastside Indianapolis. If you would like us to help you with your investing needs feel free to call us at 317-371-8133 or email us andrewneal@remax.net
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