Indiana Hard Money Loan Funds Fantastic Indianapolis Flip
This lovely property in Indianapolis proved to be a very profitable flip! Dave J. found a property with a ton of potential. He knew if he could make necessary repairs and fix it up overall, he’d be able to make an excellent profit. He brought this Indianapolis deal to Do Hard Money and we funded 100% of the property purchase price and rehab costs. Dave brought less than $10k cash-to-close to make the deal happen!
Dave performed a full rehab on this home, upgrading the kitchen with new counter tops and stainless steel appliances. He also refinished all hard wood floors to restore them to their former glory, added new carpets and updated the bathrooms with new vanities and beautiful tile work. The home sold quickly on the MLS and as a result of his hard work, Dave was able to net an overall estimated profit of $25,069 on this property.
We are so pleased to have helped Dave achieve a strong return on his investment. Do Hard Money funds real estate flip loans for up to 70% of the ARV (after-repair value) of the property. Therefore, our borrowers pursue their real estate investing goals with very little out-of-pocket cash. This deal is an excellent example of needing cash-to-close to cover the costs outside of the 70% If the borrower doesn’t have the cash to cover the difference between what we fund and the entire amount needed to complete the deal, they can use gap financing to make the deal possible. It can be easy to forget that the gap financing option even exists. Gap financing can easily mean the difference between a dead deal and a profitable deal. You can take advantage of our gap financing options with a good credit score.