Out of state High Cap Rate!
Investment Info:
Single-family residence buy & hold investment in Indianapolis.
Purchase price: $62,500
Cash invested: $65,000
SFR 3/1 on raised foundation. 14%+ cap rate!
What made you interested in investing in this type of deal?
High cap rate with low cost of entry
How did you find this deal and how did you negotiate it?
found it on roofstock.com
How did you finance this deal?
cash
How did you add value to the deal?
fixed small items in house and foundation issue
What was the outcome?
operational rental
Lessons learned? Challenges?
have better inspection.
vet property management co better.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Roofstock.com