First investment property

[Christina M Allen]

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $54,000
Cash invested: $20,000
Sale price: $59,900

Nice All Brick Ranch 3br 1.5ba With Original Hardwood Floors. Brand New Roof And Windows! Newer Mechanicals.

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

Since the property had an inspection 3 weeks earlier and the owners made changes based on a previous buyer offer we got copies of the inspection and proof items were addressed and decided to offer to take the property "as is"

How did you finance this deal?

25% down and lender to cover the remainder