All Forum Posts by: Bob Hinrichs

               2302 N Ritter Ave Indianapolis, IN 46218

Attention apartment buyers!!

This 42 unit apartment building and our interest in the property is available for immediate assignment. The property has already shown great results and is poised for big value-add potential.

It's located on the east side of Indianapolis about one mile from the Community Hospital East site, which is undergoing a $175M renovation project. For news on the project, take a look at this  IBJ article .

We'd recently sent out a few details on this deal. After an overwhelming response, we decided to restructure the deal to be an outright purchase. The price for the entire deal and all the upside potential is $1.2M. Here are the high level details on the property:

Tenants and Rents

• 42 units (7-1br, 34-2br, 1-3br) at 73% occupancy
• Partially under market rent. At current rates, gross potential income of $265,500
• Market rents should allow for $290,000 in potential income

Condition

• Roof was installed in 2013
• Major plumbing updates completed in 2014
• 4 units needing complete rehab, 6 units are at or near rent ready condition

Pictures and Videos

• Interior and exterior pictures
• Video 1
• Video 2
• Video 3

Of course, I've got more information and financial details. Please call or email, and I'd be happy to discuss them further.

**Note to wholesalers: do not market this property without our express permission. 

Property is being sold 'as-is' and 'where-is' for cash or hard moneyWhat to expect:

• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $10,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our

off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE. 

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $10,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property

                    913 S Main St Elkhart, IN 46516

Hey BP!

We've got a brand new 4-unit apartment available, located right in the heart of Elkhart!

At only $14,500 this 4,600 square foot building is priced to sell quickly!

The property is in need of complete renovation, inside and out. It had a fire at one point in time, and has moderate damage throughout the upper floor, so plan on putting some money into this to make it rent ready.

Once renovated, these 1 bedroom units will likely rent for the $500 or $550 per month. Imagine adding $2,000 per month in gross income to your portfolio!

Call or email me if you'd like to reserve this today!

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE. 

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property

            849 N Parker Ave Indianapolis, IN 46201

Take a look at this brand new 4/1 deal!! It's located just blocks from the Educators' Village, near Rural and 9th. Have you heard about all of the work the city is doing in this area? If you want a few details, check out this article. 

The redevelopment has already made a huge impact on the neighborhood. Rental rates have been on the rise and we're seeing incredibly high resale values for the area. If you want to buy in an area of quick appreciation, you won't find much better than this!

The property has a brick exterior and holds 4 bedrooms. Once fixed up, you should be able to fetch $750/month in rent in the current market.

Some of the bigger ticket items to repair will include roof, furnace and electrical work (the wires were cut off in the basement). In addition, plan on doing cosmetic work throughout the house. Note, there is some minor water damage in the back bedrooms of the property, probably due to the failing roof.

Click on the link above to see additional pictures of the property.

We're asking $24,750 for this, which includes the purchase price and assignment of contract. If you'd like to reserve this, please call or email right away!

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE.

 *Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property

                    We've got some of the best off-market deals in Indianapolis. Here is one of them right now!

                 5623 E 16th St Indianapolis, IN 46218

How about this deal just a few blocks away from the Community Hospital East project?!

The property is ripe to be renovated and sold on the retail market. Or maybe consider making this a rental as you wait and let the area continue to appreciate.

Next door, the Community Hospital East is undergoing a $175 million dollar renovation. It's doing wonders for the neighborhood! You can already see the changes in the real estate market with all the properties being flipped right around this area. For more reading on the hospital, click HERE.

Check out these local sales:

• 5415 E 11th St - SOLD $138,000, 1856 square feet, 2/1.5, 33 DOM
• 1032 N Lesley Ave - SOLD $142,000, 1764 square feet, 2/1.5, 3 DOM
• 1205 N Whittier Pl - PENDING $135,000, 2310 square feet, 2/1.5, 8 DOM
• 5419 E Wayne Dr - PENDING $147,900, 2172 square feet, 2/1, 19 DOM

This property has a ton of great things going for it. Notice thedimensional shingles, the newer furnace, and the hardwood floors. And don't forget about the gorgeous trim and window molding, the colored windows and crystal door knobs. There is a lot of character in this house!

You'll likely want to do work in the kitchen and bathroom, and you might consider partially finishing the basement out to add some more square feet to the property. It'll need some TLC, but it's sure poised to make some big returns!

Please call or email if you'd like to reserve this or have any questions!

If you'd like to reserve this deal, please contact me immediately:

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE.

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property 

@Ryan Foote I'll send you a note!

Sorry @Quantrell Turner, this one was already sold. 

                         We've got some of the best off-market deals in Indianapolis. Here is one of them right now!

                 3246 Graceland Ave Indianapolis, IN 46208

                                     Photo Galery

Take a look at this 3 or 4 bedroom property located in the Crown Hill neighborhood!

This deal can make a solid investment as a rental property or could also be flipped and sold on the retail market. Market comps support both exit strategies!

It has 2 bedrooms on the main floor, with one more upstairs for a current total of 3 bedrooms. And there is a bonus room on the main floor that could easily be turned into a 4th bedroom. Note: the upstairs is only partially finished and can be expanded for additional square footage.

The house will need complete rehab, including installing a kitchen and bathroom, flooring, painting, new mechanicals, and some new windows. The roof appears to be in okay shape and a handful of the windows were recently replaced.

If this deal is a good fit for you, please call or email right away!

If you'd like to reserve this deal, please contact me immediately:

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE. 

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property

                      We've got some of the best off-market deals in Indianapolis. Here is one of them right now!

               440 N Centennial St Indianapolis, IN 46222

                              PHOTO GALLERY

Rent ready 2/1 property!!

This property is in rent ready condition today. Simply put a tenant in place and start collecting your money!

Better yet: consider maximizing your rent by easily turning this into a 3 or 4 bedroom property. Simply install a wall and door in the oversized living room to create the third bedroom. And finish out the attic space to create a fourth bedroom.

Other than adding bedrooms, the only other work you might consider doing is exchanging the old furnace for a newer one.

Investor news: Have you heard about the Villages at Central State &58/Bahr development happening just a few blocks south of this property? Read an article from the IBJ here! These projects are going to absolutely revitalize the area with new housing and mixed-use amenities.

We're projecting a 14.1% return on your money. If you'd like to pick this deal up, call or email me right away!

                                           If you'd like to reserve this deal, please contact me immediately:

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE. 

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property

                We've got some of the best off-market deals in Indianapolis. Here is one of them right now!

              6905 Chrysler St Indianapolis, IN 46268

Hey BP,

This deal is available for immediate assignment.

The property is located on the northwest side of Indy, just a few miles down the road from the Eagle Creek Reservoir and Park.

Consider turning this into a rental property or doing cosmetic repairs and selling it on the retail market. The property has been sitting vacant for a number of years, so it will need some renovation work.

You'll likely want to replace the carpet, paint the interior, replace the HVAC system, and do some serious cleaning in the kitchen and bathroom.

Note: the property is part of a homeowners association, with monthly dues of $165. Even with the HOA, we still estimate a cash on cash return of 11.6%. Rents in the area are strong, and the property should be able to collect $875/month or more.

Please call or email right away if you'd like to reserve this deal!

                                           If you'd like to reserve this deal, please contact me immediately:

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE. 

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property

                           We've got some of the best off-market deals in Indiana. Here is one of them right now!

               3203 & 3233 US-27 Winchester, IN 47394

Hey BP,

Check out this cash cow of a mobile home park out in Winchester!

The property has potential to throw off some serious cash flow if you position it correctly. Currently, the property is completely vacant and ready for a savvy investor to step in.

The park features 8 lots, 5 of which have mobile homes in place. One of the homes is in poor condition, and is being taken down, leaving 4 units. Of the units, 2 of them just recently had interior renovations completed. The remaining two will need repairs to make them rent ready. Take a look at the link to the pictures!

An important thing to note: the property is on well and septic. The current owner has had no problems with either.

We are asking $65,250, which includes the purchase agreement and an assignment fee.

If this is going to be a good fit for you, please call or email right away!

                                             If you'd like to reserve this deal, please contact me immediately:

What to expect:

• Property is being sold 'as-is' and 'where-is' for cash or hard money
• Buyer should do all due diligence needed before agreeing to buy. Any information provided is as a courtesy and is not warranted
• To reserve the deal, you'll need to sign paperwork and submit $2,000 of non-refundable earnest money to Monument Title, located at 6053 N College Ave. Indianapolis, IN 46220
• Buyer shall pay all closing costs
• If the deal isn't for you, let us know if there is someone else who might want it. We'll pay you a referral fee of $1,000 if you can bring us a buyer that we are able to work with!

P.S. Can I have 30 seconds of your time? If you want to keep seeing our
off-market deals, please add me to you safe sender or contact list. If you need help with this, click HERE. 

*Contracting Party either owns or has equitable contractual interest in the property. Sale will either be in the form of an assignment of the purchase agreement between Contracting Party and Owner or a direct sale from Contracting Party to Buyer. Sale of the property is conditional on Seller of property providing acceptable title to the property.

**All properties are sold for cash or hard money. Buyer will need to verify information and funds. A $2,000 non-refundable earnest money deposit and 14 day or less closing period are required.

***Contracting Party makes no representations or warranties, either express or implied, about the property. All descriptions of the property and pertinent information described in this message have been attained through public records, the County Assessor's office, MLS, or viewing of the property. The Seller also makes no warranties, either express or implied, as to the potential return of this property as an investment. The Buyer understands and acknowledges that any information in this message is not warrantied. The Buyer has conducted their own investigation of such information, and is choosing to purchase based on their own conclusion. Buyer is "as is and where is" with no contingencies.

****All properties are subject to errors, omissions, deletions, additions, and cancellations. No warranties, whether express, implied, written or oral have been made to the Buyer. The Buyer has conducted all desired due diligence, and has decided to make a purchase based off of their findings. Buyer understands they will pay all closing cost.

*****Contracting party is a broker under license RB16001625, but is not the listing agent of the Property