4th Purchase in Indianapolis - Duplex with minimal repairs

1 Reply

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Indianapolis.

Purchase price: $57,000

Found an investor that wanted to offload some properties and the numbers one this duplex made sense. Plus, it was already leased out.
So far, repairs include new ACs and a bunch of little repairs, like dripping faucets, etc.

What made you interested in investing in this type of deal?

The duplex was already leased out.

How did you find this deal and how did you negotiate it?

I negotiated the price down from $69K to $57K due to what the inspectors had found.

How did you finance this deal?

I borrowed $40K from my grandafther.

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