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Updated over 3 years ago,
Newbie Investor Question about Specific Indianapolis Property
Ok, So I am just starting my RE journey and I found this "potential" deal but I'm sure there are some things I'm missing. Perhaps just by posting this someone will snatch this property up but I wanted to see what y'all thought. I'm attracted to this particular property in Indy but don't know much about the neighborhood and it looks like the roof has a tarp on it, BUT property is a quadplex that the current owner has said he rents out at 650 per month per unit. I've asked my agent to contact the listing agent regarding getting some more photos before making the drive down there. It's about 75 minutes away. I would make a really low offer close to 50-55 percent discount of the list price. The seller seems highly motivated to move on the property. What do you guys think?