Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $34,900
Cash invested: $26,000

Base Hit. First BRRRR in Indy

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

Wholesaler in Indy

How did you finance this deal?

Private money and Refi

How did you add value to the deal?

Floors, paint, kitchen, appliances, bathroom.

What was the outcome?

Base hit. Had to leave about $8k in the deal.

Lessons learned? Challenges?

Don't forget to calculate the correct closing costs into your numbers. Don't go over your MAO

Nice!. What was the rent and ARV?

@Brooks Rothschild thanks for sharing!

@Brooks Rothschild sounds like a solid deal.

How soon after purchase did you end up refinancing?

Originally posted by @Caleb Brown :

Nice!. What was the rent and ARV?

Appraised for $75,000 rented at $725

Originally posted by @Alexis Schreier :

@Brooks Rothschild sounds like a solid deal.

How soon after purchase did you end up refinancing?

Bought in October. Finished rent ready rehab finished November. Rented end of November. Refi Finished January.

@Brooks Rothschild Very nice! How were you able to get around the typical 6 month seasoning period?

What’s a Rothschild doing buying a 34k house? Thought you guys were trillionaires?

Just kidding, that’s a solid deal. Good luck out here.