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All Forum Posts by: Richard Jung

Richard Jung has started 0 posts and replied 11 times.

Post: 3502 N Guilford Ave, Indianapolis, IN 46205

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

Congratulations! Looks awesome. That seems like a massive rehab. How long did the rehab take? and what would you have done differently, knowing what you know now?  

Post: SFR #1 in Indianapolis, IN

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

Following. Congratulations on your purchase. Keep us updated on your progress. 

Post: *RARE* Turnkey SFR 2% rule in Indianapolis!

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7
Originally posted by @Ryan Boyd:
Originally posted by @Richard Jung:
Originally posted by @Ryan Boyd:

@Richard Jung Thanks Richard! It needed very minor work done. Honestly, it was all just stuff I personally wanted to do to get it as updated as possible so I don't have to update it later. We spent $2500 total on materials and a washer/dryer. Took us 3 days to complete and had it rented about 7 days after close.

 That sounds like a sweet deal. It truly was a turnkey. Good job!

Thank you so much! Are you an investor here in Indy I'm assuming? What areas are you interested in? I'm mostly focused on the downtown but I'm looking to other markets as well.

Yes, I'm in Indy as well. I am new and I'm looking for buy/hold investment properties in Indy. It looks like you're a broker. I'd be happy to get together and network. Cheers. 

Post: Duplex on Indy's East Side

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

That's awesome. Thanks for sharing. I'll check them out as well!

Post: *RARE* Turnkey SFR 2% rule in Indianapolis!

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7
Originally posted by @Ryan Boyd:

@Richard Jung Thanks Richard! It needed very minor work done. Honestly, it was all just stuff I personally wanted to do to get it as updated as possible so I don't have to update it later. We spent $2500 total on materials and a washer/dryer. Took us 3 days to complete and had it rented about 7 days after close.

 That sounds like a sweet deal. It truly was a turnkey. Good job!

Post: Duplex on Indy's East Side

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

Congratulations! I did not know about the neighborhood loans. I'm definitely going to look into that. If you don't mind sharing, who did your rehab? and are you using a PM? If so, which one? Thanks!

Post: *RARE* Turnkey SFR 2% rule in Indianapolis!

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

Awesome deal! Congratulations. Did it require any rehabs? If so, how much and how long? 

Post: Started out with $25k 5 years ago, now I have 90 rentals!

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

Wow. Thank you for sharing your story and congratulations. How inspirational!

Post: Cardone Capital...anyone looked into this?

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

following

Post: My first deal! BRRRR 28% COC ROI Cashflow $228

Richard JungPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 11
  • Votes 7

Congratulations! I'm looking for my first deal in Indy as well. Reading your deal fueled my motivation! Thanks for sharing.