First property - help!

[Aaron Singer]

Hi BPers,

I'm in the inspection period on a SFR project in Indianapolis. I'm looking to buy and hold. Property needs some work, but it's currently got a section 8 tenant w/ 100% rent covered through next February. Property comes with the adjacent lot as well.

Let me know your thoughts and questions!

How would you leverage the lot? What do you think about inheriting the section 8 tenant? Would you make any repairs day 1? HUD has already inspected the property and cleared for section 8 with no mandatory repairs.

View report

*This link comes directly from our calculators, based on information input by the member who posted.