Buy and Hold in Indy

[Jacob Messer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $105,000
Cash invested: $29,000

This was a super quick project to get the house in rent/sell condition.

New floors, drywall repairs, countertops, bathroom, plugs and switches, etc. Nothing crazy. The investor painted himself so consider that. Nonetheless a successful endeavor for all!

This was a great find by our brother wholesale company and the investor was able to put little time and money in order to get a house that is currently worth significantly more than when first purchased.

What made you interested in investing in this type of deal?

We love no brainer deals that make everyone money.

How did you find this deal and how did you negotiate it?

Our brother company sourced the wholesale contract and found the investor to buy it.

They brought us to the table and we were able to build a scope and work out a deal with the investor to get the project.

How did you finance this deal?

Our investor used hard money (I think)

How did you add value to the deal?

We created a scope that minimized investment and maximized value.

What was the outcome?

Everyone made money and everyone was happy. The investor is still renting it and if he wanted to sell it he would make a nice profit.