James Nave III Rental Deal


James Nave III Rental Deal

JN3 Homes, LLC in Anderson, IN

Purchased this property from another investor in the area that owns a number of vacant properties. We had talked about another property before, but I waited too long so it ended up being sold. So I looked at some of his others and we agreed on this one. There's a lot of work to be done. but the bulk of it is a new roof, electrical, and windows... then it's all pretty cosmetic from there. I wanted to lock this deal up before others I knew were interested got it. So I used my own funds to make the purchase. I will then go to one of my PML's and fund some of the purchase and Rehab with them. I should have very good cashflow once completed, and will also refi down the road.

Rental Details

Property City: Anderson
Purchase Price: $15,500

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

I used the repair estimator and deal analyzer for rentals