Out of state High Cap Rate!

[Account Closed]

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $62,500
Cash invested: $65,000

SFR 3/1 on raised foundation. 14%+ cap rate!

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

High cap rate with low cost of entry

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

found it on roofstock.com

How did you finance this deal?

cash

How did you add value to the deal?

fixed small items in house and foundation issue

What was the outcome?

operational rental

Lessons learned? Challenges?

have better inspection.
vet property management co better.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Roofstock.com