$24K Needed to Unlock Rent-Ready SFH in Indianapolis – 10–12% Return

[Gregory Washington]

Hi BiggerPockets Community,

I’m seeking a private lender or partner to help finalize a single-family rental property in Indianapolis, IN. The property is owned with a small existing mortgage, professionally managed, and nearly rent-ready — the only step left is installing a new HVAC system.

Property Details

• 
  Type: Single-Family Home
  
• 
  Management: Red Door Property Management (local, reputable firm)
  
  
• 
  Current Status: Needs HVAC install to meet rental standards
  
  

Funding Needed

Amount: $18,600 – $19,980 (licensed HVAC contractor estimates in hand)

Use of Funds: Complete HVAC installation so the property can be legally rented

Why This Opportunity?

✅ Strong rental demand in Indianapolis market

✅ Rent-ready after HVAC (minimal rehab risk)

✅ Property management already in place for tenant placement and ongoing operations

✅ Transparent terms, open to structuring win-win agreement

Investment Options (flexible):

1. 
   Short-Term Loan: Principal + 10–12% annualized interest, repaid within 12–24 months from rental income.
   
   
2. 
   Revenue Share: Share of monthly rental income until funds + profit are repaid.
   
   
3. 
   Equity Partner: Long-term partnership with shared rental income and appreciation.
   
   

Rental Income Potential

• 
  Market Rent: ~$1,200/month (based on comps in area)
  
  
• 
  Cash Flow: Positive after mortgage + management once HVAC is complete
  
  

If you’re interested, let’s connect. I can provide contractor bids, management agreement details, and comps for review.

Contact

Gregory Washington

Looking forward to partnering on a solid cash-flowing opportunity in Indianapolis!

[Drew Sygit]

@Gregory Washington $18-$20k for an HVAC system on a one-unit property?

Something is NOT adding up!

You're not disclosing:

Your ownership (doesn't appear to be an acquistion)
Property value
Current mortgage/lien balance
Collateral you're offering
Percentage of property ownership you're offering
Options if you default on terms you're offering

So, it appears you're a newbie.

Also going to guess you bought this to BRRR, but ran out of funds.
How did you run out of funds?
- Poor planning or unexpected surprises during renovations? 

You'll likely have more success peddling this to family & friends:)