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Updated over 8 years ago,

User Stats

75
Posts
9
Votes
Sonya Hansell
  • Investor
  • Fishers, IN
9
Votes |
75
Posts

Is this property going to work Indianapolis

Sonya Hansell
  • Investor
  • Fishers, IN
Posted

Looking for advice on a property that I will be looking at tomorrow.

Here are the details

Seller finance (but it is an LLC)

Duplex

80k

2k down

$700 mo payment

Low crime area

Comps 125k

Rents 1k

I will be living on one side.  It will require a complete rehab.  I do not have an estimate yet for the repairs.  Let's say 40k.

Here is another obstacle.  I do not have the funds right now for the rehab.

Advice or suggestions?

Thanks.

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