Buy and Hold in Indy

[Jacob Messer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000
Cash invested: $30,000

This was one of our more recent projects.
We've partnered with a real estate hedge fund of sorts, this little old house is the first of many!

Simple fixes with this one; new flooring, new paint, new kitchen and new bath (to name a few things). I believe we put in new mechanicals as well.

Asking rent is a little over $1,000.

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

We wanted to partner with this fund and this was the first deal!

What was the outcome?

Scope of was satisfied and they put it out in the market. hoping to fill it with a tenant soon.