First Buy and Hold in Indy

7 Replies

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

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.

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