Our first rental property

2 Replies

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $46,500
Cash invested: $5,000

My partner and I decided to pick this house because it was more of a turnkey property. We didn't want our first property to give us too much problems. We ended up painting the interior walls of the upstairs bedroom, kitchen, and the hallway of the basement. Trimmed the tree that was hanging over the roof. Replaced the old appliances with a used stove and fridge. Added blinds, air fresheners, and drain plug.

Originally posted by @Mark Christopher :

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $46,500
Cash invested: $5,000

My partner and I decided to pick this house because it was more of a turnkey property. We didn't want our first property to give us too much problems. We ended up painting the interior walls of the upstairs bedroom, kitchen, and the hallway of the basement. Trimmed the tree that was hanging over the roof. Replaced the old appliances with a used stove and fridge. Added blinds, air fresheners, and drain plug.

 1st one is always the hardest. Congrats on ripping the band aid off. Only gets easier from here.

Mark that’s great news! I’m still looking for the first rental property through a realtor. Where bouts did you end up buying?

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