Indianapolis turnkey real estate investing BRRRR deal, a 50k “flip” complete walkthrough from start to finish.

This is an update on “Brooklyn”, the BRRRR duplex deal.  This is going to be a cash cow, but right now we are building it up to that and I’ll be updating you guys regularly.  Today we’ll go over where we are with first side as we get ready to start on the other side of the duplex before we refinance and pull the cash out.  I go over all the numbers so there are no surprises.

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Now for today’s class on the Indy duplex BRRRR 50k deal…

Indy duplex BRRRR real life example, how to recycle the same money to buy 10 properties and how Indy duplexes that will make you $10,000 a month in passive income over the next 3-5 years.

Indy Anna Explains:
– Here’s a real-life example of an Indy duplex deal~ The Brooklyn Duplex~ here are the numbers. pictures and upcoming updates so that you can follow along the entire process from A-Z
– How you can use duplex properties like this to create a passive income of $10,000 a month over the next 3-5 years
– This is a real-life example of the BRRRR method where you recycle the same money to do multiple deals. I’ll dissect one deal for today because they all work just like this: Self Similarity.

So, we have a number of deals like this that we are working on, but instead of going through all of them I’m going go through just one example so you can see it from start to finish:
– This property is a duplex (we’ve talked about why we’re doing duplexes in this price/area in other classes, and it was bought for $140k and will take about 50k of rehab work
– So, we have an all-in cost of about 190k we have an appraisal at about 250k
– The money down was about 30k and in this case hard money was used so are going to refinance quickly, but with these numbers we have a few different options

A duplex with a cost of 190k, a gross income of $2,000 a month (1k each side) and an appraisal of 250k, we have a few options:
– First we can refinance at 80% and get 200k, this means all the 30k down comes out and we can move on to the next deal (this would be a BRRRR example, recycling the same money over and over again to more and more deals) 
– Or we can convert the duplex into a SFR (Single Family Residential) and sold for about $280k and a quick profit of $50k+
– We can also refi for an amount LESS than 80% and get more monthly cash positive faster because the payment (the debt service) will be less

I’ll include some pictures so you can see the entire process of before, during and after:
– If you guys want, I can include other snapshots of financials and closing docs so you can see exactly what the money payments and other costs are as well
– We are going to start the rehab immediately, so these pictures are the before pictures and then I’ll make updated videos over the next 30 days as we move towards refi, renting the property and then the cash out and the next deal
– These deals will take 3-5 years before they cash flow, so you need to keep that in mind please because after that period these are the exact kinds of deals that help to create the passive income of $10,000 a month

Okay, so this an example of ONE kind of deal that we help our people do, these are long term deals that allow you to build your passive income portfolio:

– We have several other deals identical to this one and maybe later I’ll include those details as well, but they are nearly identical

– We also have standard SFR deals like this too but I got so many question from my last videos about how this would work with duplexes and getting 1% for 200k deals so I made this one, the goal here for each of our investors and Heroes to do several of these and build your portfolio, in this case: 30k down, 190k cost, refi at 200k with payment of about $1,400 and incoming rent of about 2k, now you have 40k cash out (10k more than you put down) and now we recycle the same money for the next one.

– So, stay tuned and you’ll see everything, all the work, the updates, the costs, the payments, the profits, the rent, the total closing costs, the cash out, how we get these properties rented and managed, how to get ALL of your money back and do the next deal, etc.

Follow along and if you want to do deals like this you can apply below

So, you’ll see the entire process and as always if you have any questions or if you want to see if you’re a good fit to do deals like this and create passive income over the next 3-5 years, then you should have at least 100k and good healthy income to start with. 

If you currently have Indy deals and need help just email or text me and I’ll do what I can to help and our People Page my help as well:

https://www.BigReia.com/People

That’s all for now, more updates coming, pictures to come as well as our always FREE download and BigREIA Friends, for now…

Make the Universe Smile.  = )

~ Indy Anna

 

Indy Real Estate Turnkey Investing Flip Example During pictures of exterior
Indy real estate flip during pictures side and bedroom
Indy 50k BRRRR deal during pictures of bedrooms and hallway
Indy BRRRR example during pics of interior and wall

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list.  Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys you can go to our People Page at https://www.BigReia.com/people.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download: https://www.BigReia.com/Contracts.

Also perhaps the most important class Azam has done is on the "Frequency of Thought" and how to use the laws of quantum physics to rewire your brain, attract brilliance like a lightning rod and be the best version of yourself.  Check out this epic 3-hour class on Quantum Real Estate.

Go to BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
317-969-5619 (YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

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