Buy and Hold off of Rural St, Indy

[Jacob Messer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $53,750
Cash invested: $125,000
Sale price: $203,100

Sale price is the zestimate price. Pretty sure it is off market and being rented for ~$1500/ month. But that is just a guess.

This project was a hefty one. We re did the foundation, all new mechanicals, created a full bathroom upstairs, re wired the house, all new paint and floors, new roof, etc.

This was one of those projects that required every bit of my partner and I's years of experience.

Proud to call it a success!

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

We love huge projects that set the tone for the surrounding area.

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

Our investor came to us, he found the house through our wholesale partner.

How did you add value to the deal?

We created and navigated a complex scope, coordinated with the city on certain changes and got the project done without a hitch.

What was the outcome?

Everyone made money. The investor turned a dump into a nice home.

Lessons learned? Challenges?

The government is slow sometimes. Make friends and check on your permits often.