Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

First attempted and successful BRRRR in Indianapolis, Indiana
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $85,000
Cash invested: $65,000
Sale price: $191,500
I purchased this property with all cash, completed renovations, and completed a BRRRR. All in at 150k, property appraised at 200,000. After holding the property for a year and dealing with evictions, squatters, etc. I sold the property for 191, 500 after concessions were made.
How did you find this deal and how did you negotiate it?
I found this property on the MLS.
How did you finance this deal?
Cash into a cash-out refi
How did you add value to the deal?
I completed $65,000 of repairs and cosmetic updates to the property.
What was the outcome?
I offloaded the property as I was consolidating.
Most Popular Reply

Hey Michael thank you!
The full intention was to keep this property as a long term hold.After we placed tenants, we refinanced and took all of our money out. I had a flip going on at the same time so there was no repeating for me at that time. We were cash flowing a couple hundred bucks a month on the property but were riddled with repair requests and eventually the eviction of Section 8 tenants. I bought the property in cash and did the rehab with cash too. Hope this helps @Michael Powell