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Updated almost 9 years ago,

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Jay Hinrichs
Professional Services
Pro Member
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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I am giving away for free a duplex to a BP member see requirments

Jay Hinrichs
Professional Services
Pro Member
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Posted

I have a duplex in the Indy area ( 30 minutes from downtown)  AS is value 15 to 20K

I want to give it to someone for Free... in exchange I want this person to chronicle on BP with supporting documentation and pictures the fix up process  ( it needs about 10 to 15k to get livable)  once rehabbed its worth 35 to 40k I would surmise.. rents would be 500 a door or so.. Also the lease up process .

Since I am unable to post pictures or anything else on BP from lack of interest and knowledge I figured this could be a good learning experience for some up and coming investor.

Rules:

Subject TO:

1. Need to prove that you have the money to fix it ..

2. Need to be a good person I will do a back ground check.

3. Must live within 1 hour of property so I know you can be there to watch over it.

4. Once stabilized and rented you will donate $50.00 a month for 3 years to a local charity in the city its located.  You can bring me 3 or 4 choices and I will pick one.

This property will be delivered with clean title there may be half a years tax's or so but you would take that on.

I want this to be a learning experience for the BP community to share with especially newer investors looking to get into the game... Instead of me writing for hours on BP I figure you can help out by chronicling the process from start to finish.   Post all replys to this thread don't send me PM's I will engage so everyone can learn from this.  Or at least its on one of my New Years resolutions.. I could just give it to Habitat but I want to give back to BP if I can. WE have given Habitat 20 plus homes since the GFC.. So I was just thinking this could be cool... help someone get started... learning experience for BP followers donate to some charity going forward.. win win.

Mods.. please don't remove this.. if you have an issue please contact me.. I am giving this away and giving cash flow to charity.

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JLH Capital Partners

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