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Updated over 1 year ago on . Most recent reply

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Justin Goodin
  • Investor
  • Indianapolis, IN
755
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1,034
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$50,000 down to make $3,000/month

Justin Goodin
  • Investor
  • Indianapolis, IN
Posted

I put $50,000 down and now make $3,000/month from this property.

Here's the breakdown:

- 6 units in Indiana
- $425K purchase price
- $50K down
- Off market & direct to owner purchase

I collected $2,885 in income the first month I bought it...

Last month I collected $6,810 📈

And making ~$3,000/month in free cash flow. Some months will be higher and some months will be lower (after all, this is real estate!).

It just appraised for $760K as is.
- -

One property like this won't change your life. But what if you bought 5-10 properties like this over the next 5 years?

This is your sign to start creating passive income streams for yourself in 2024!

Most Popular Reply

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42
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22
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Ryan Ness
  • Realtor
  • Lafayette, IN
22
Votes |
42
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Ryan Ness
  • Realtor
  • Lafayette, IN
Replied

This is awesome! I am looking at duplexes that would require that much down for just conventional financing. Did you have a certain plan you implemented to come across this deal? I am currently exploring networking opportunities to source deals like this!

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