Updated 8 months ago on . Most recent reply
Duplex Renovation Purchased in Meridian-Kessler Indianapolis, IN
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $330,000
Cash invested: $360,000
A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit. If we rent it we are targeting $1700-1800 / side. Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.
What made you interested in investing in this type of deal?
The location is A+ and near where I live.
How did you find this deal and how did you negotiate it?
Broker, friend connection.
How did you finance this deal?
My partner brought the 25% downpayment.
- Tyler Lingle
- [email protected]
Most Popular Reply
Tyler--congratulations on the purchase. I know exactly where this duplex is---in Broad Ripple over by Mama Corolla's and the Liter House.
John Jacobs Real Estate Investor and Private Money Lender Indianapolis, IN