Project 6 - First Private Money

Project Details

Purchased: February 2021

Location: Indianapolis, IN

Property Type: SFH 

Strategy: Buy and Hold 

Purchase: $43K 

Repair Cost: $19K (exterior work) 

Financing: NA  


I love the location of this house. It is on a quiet street next to a high school. It was an ugly house with nice interiors. However, due to the need for an extensive exterior rehab, the house sat on the market for months. I was able to get it under contract at a deep discount with a cash offer using private money.

This bungalow looked brand new after a facelift, which included a new roof, new sidings, painting all trims, and yard clean up. This increased the rent by $150 per month. 

A cashout refinance is certainly an option in the future. For now, the no debt cashflow is pretty sweet!

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