First Buy and Hold in Indy

[Brooks Rothschild]

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $34,900
Cash invested: $26,000

Base Hit. First BRRRR in Indy

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

Wholesaler in Indy

How did you finance this deal?

Private money and Refi

How did you add value to the deal?

Floors, paint, kitchen, appliances, bathroom.

What was the outcome?

Base hit. Had to leave about $8k in the deal.

Lessons learned? Challenges?

Don't forget to calculate the correct closing costs into your numbers. Don't go over your MAO

[Brooks Rothschild]

Originally posted by @Caleb Brown:

Nice!. What was the rent and ARV?

Appraised for $75,000 rented at $725