All Forum Posts by: Michael Hyche

Property was renovated about 3 years ago. Property has 2 bedroom 1 bath and full basement. The square footage is 1930 sq ft with basement and 965 sq ft without. Property taxes are less than $181/year!!! This property will rent for $600/month. Rehab needed is: clean out, paint, 1 new window, and new carpet. Thats a $5K rehab!!! Doesn't get any better!!! Contact me for more information: [email protected] or give me a call or text 317-451-6187.

@Patrick Sweeting Thanks a lot. I'm going down there tomorrow.

Will do Blake.

Where can I get a list of Probate Properties? 

This beautiful 8 unit in the Heart of Downtown Indianapolis. This property can be converted into Condominiums like the apartments next door which are selling for $250k-$375k each. We have already done all of the work for you so it's ready to be sold off as condos. This property is also in a Opportunity Zone. The Bottle Works District is 5 minutes away from this property along with all of Downtown Indy attractions and Workforce (Mass Ave, Salesforce, Cummins, etc). 

8 Units

The 2 bedrooms have W/D Hook Up

$1,025,000

COC: 15.39%

DCR: 1.73

GRM: 8.30

Occupancy Break Even Point: 63.07%

EGI: $117,374.40

OE: $24,000

NOI: $93,374.40

Go to www.BargainIndyHouses.com to Join Our VIP Buyers List for Off-Market Residential and Commercial Real Estate in the Indiana Market. I will need a signed NCND and Proof of Funds before sending over any Financial.

For some reason, it has been hard to get a list of probate properties. I would love to get a list bi-weekly. I tried going downtown to the city county building (Indianapolis) and they gave me the run around. Where can I go to get a list of probate properties? Thanks

Hey! Sorry for the late response; I’m still learning how to use Bigger Pockets. Can y’all send me your emails? I need to send you over a non-circumvent agreement before giving you all the details for this property.

$480,000 Plus 3% Wholesaling Fee

12 Units
Cap Rate: 8.85%
COC: 14%
DCR: 1.68
GRM 5.72
OCCUPANCY BREAK EVEN POINT 69.45%

THESE ARE THE ACTUAL NUMBERS NOT PROFORMA
EGI: $75,492
OE: $22,018.56
NOI: $42,491.40
CASH FLOW: $17,234.11

This apartment building is rented below market value and it's 75% occupancy so there is a lot of money in this real estate opportunity. Join our VIP Buyers List at www.FAMCRealEstateGroup.com

Hey Jeff, 

I emailed you over a NCND agreement. As soon as you send it back signed we can get you over all the information you need on this property. Thanks

$480,000 Plus 3% Wholesaling Fee

12 Units
Cap Rate: 8.85%
COC: 14%
DCR: 1.68
GRM 5.72
OCCUPANCY BREAK EVEN POINT 69.45%

THESE ARE THE ACTUAL NUMBERS NOT PROFORMA
EGI: $75,492
OE: $22,018.56
NOI: $42,491.40
CASH FLOW: $17,234.11

• This apartment building is rented below market value and it's 75% occupancy so there is a lot of money in this real estate opportunity. Join our VIP Buyers List for Commercial Real Estate in the midwest www.FAMCRealEstateGroup.com.