Indianapolis BRRR Buy and Hold

[Monique Pett]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $49,900
Cash invested: $40,000

Purchased this through an estate sale for $49,900
Put around $35-40k into it (give or take)
Refinanced at 4% interest
House appraised for $165,000
Pulled out around $120k
Cashflowing $987/mo

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

Estate sale in a growing area

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

I found this deal through an agent. This was an off market estate sale.

How did you finance this deal?

I used private money. Always looking for more investors :)

How did you add value to the deal?

This was an overhaul. Changed layout, added great bathrooms and nice kitchen

Lessons learned? Challenges?

Only challenge was kitchen cabinets being delayed.