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Updated about 4 years ago on . Most recent reply

Justin Capps's profile image
Justin Capps's profile image
Justin Capps
  • Real Estate Agent
  • from Indianapolis, IN
  • Member since May 9, 2020
  • Posts 5
  • Votes 0
  • Experience 15 Yrs
  • Investments 5
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Justin Capps's profile image
Justin Capps's profile image
Justin Capps
  • Real Estate Agent
  • from Indianapolis, IN
  • Member since May 9, 2020
  • Posts 5
  • Votes 0
  • Experience 15 Yrs
  • Investments 5
Connect
Justin Capps
  • Real Estate Agent
  • Indianapolis, IN
0
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Real Estate Deal Analysis & Advice

1st Buy and Hold in Lawrence

Justin Capps
  • Real Estate Agent
  • Indianapolis, IN
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $52,000

1st rental property purchased. Long term tenant at a reduced rental rate. Wholesale deal with roughly $10,000 of instant equity. Refinanced into a 15 year term. This has less immediate cashflow but is a savings of roughly $10,000(if a 30 year was done) if rental rate doesn't change.

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