Duplex Renovation Purchased in Meridian-Kessler Indianapolis, IN

[Tyler Lingle]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $330,000
Cash invested: $360,000

A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit. If we rent it we are targeting $1700-1800 / side. Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.

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

The location is A+ and near where I live.

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

Broker, friend connection.

How did you finance this deal?

My partner brought the 25% downpayment.

[John Jacobs]

@Tyler Lingle

Tyler--congratulations on the purchase.  I know exactly where this duplex is---in Broad Ripple over by Mama Corolla's and the Liter House.

John Jacobs Real Estate Investor and Private Money Lender  Indianapolis, IN