Direct Mail Still Works! 29-Unit Under Contract

[Justin Goodin]

💥We just put a 29-unit complex in Indianapolis under contract! 

We received this lead from a direct mail campaign. Direct mail still works 🚀

✔️This is a REAL value add opportunity. The owner lives on site, has owned for 15 years, and pays ALL tenant utilities (not common in Indianapolis).

✔️Purchase Price: $1.36MM

✔️All capex will be included in a bridge loan

✔️Will refinance into Freddie

Here’s our plan:

✅ Pave the parking lot

✅ Build 3 additional units to utilize unused space

✅ Perform light interior upgrades and bring rents up to market

✅ Implement a flat fee for utilities

✅ Improve outside landscaping

✅ Engage a professional property management company team to improve inefficiencies

“The path to success is to take massive, determined action.” - Tony Robbins 🔥

[Craig Yarnell]

Looks like a great deal Justin! Direct-mailers definitely still work.