Our first rental property
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.