Real life Indy real estate deal, a $44,000 BRRRR deal invest in Indiana from out of state remotely?

by | Indiana real estate, Indy Anna, Real Estate Investing

A real life $50,000 BRRRR deal with an Indianapolis duplex, this is how to remotely invest in Indiana from out of state and create passive income.

This Deal Dissection Episode is a beautiful update on the duplex deal name “Brooklyn”, we are now fully rented and getting ready to refinance for the next step in the BRRRR process.  You can see all the costs so far, the payments and the cash flow as well as the projected profits.  This is all being done for a Hero who is out of state.  Good stuff.

First of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com.  We’re also building the world’s largest organization of Special Needs Business Owners and Real Estate Investors.

We are on a mission:

My mission is to make lifelong friends helping folks around the world create generational wealth with a passive income of $30,000 a month with Indiana real estate (without leaving your house) while we’re also building the world’s largest organization of Special Needs Business Owners and Real Estate Investors.

Make sure go digest the ground breaking material at BigReia.com –

We are creating the world’s clearest instructions to empower any human being on the planet can start from zero and create a passive income of at least $30,000 a month.

Our mission is to make lifelong friends helping folks around the world create generational wealth with Indiana real estate and business building.

Now for today’s class on paying off rentals in 2-3 years or faster…

Indy Flip/Buy-n-Hold Real Life Deals:
Update on Brooklyn – the $50,000 duplex flip/BRRRR

Brooklyn UPDATE

Deal Dissection Series: Brooklyn Episode Five
Where it’s all dissected – the numbers, costs, profits, etc. from A-Z!
Brooklyn Final Reveal

Indy Anna Explains:

Here’s a real-life example of an Indy BRRRR deal, here are the numbers, pictures and upcoming updates so that you can follow along the entire process A-Z from start to finish

You’ll see exactly how much money each step costs and the exact profits at the end, the whole process

– Remember, these are REAL LIFE deals here in Indy that we are doing right now, whether it is a FLIP for quick cash, a BRRRR or standard Buy/Hold we use this actual real-life deal as an example to learn something, each DD has a purpose.  We have many more deals going just like todays, but I’ll dissect one deal for today because they all work just like this: Self Similarity.

Quick reminder about the Deal Dissection Series:

I help out of state real estate investors create a passive income of 10-30k/month… without leaving your house.  The Deal Dissection Series is all about taking an actual, real life Indianapolis real estate deal that we are helping and doing for one of our Heroes, an out of state real estate investor. 

It helps you see EVERYthing from A-Z, step by step from start to finish – you get a full behind the scenes look at everything the good, bad and ugly warts and all and you can see how REAL deals actually happen in the real world.

We name them F and B – for Flips or Buy and Holds

We name each deal and then provide updates on every week’s progress so if you are just joining us, you can go back or forward and see how things started and turned out, these are NOT summaries of deals we did, these are all real time deals that we are doing right now so you’ll get to see everything happen in real time from closing to closing

We will always go over the exact numbers, costs, delays, etc. and the profits and I’ll go over detailed cash flow statements when applicable

– We have other residential, commercial, etc. deals that are Bs and Fs as well, each deal illustrates something specific that you can learn from

Each deal we go over has a specific teaching purpose here’s a cheat sheet on some of our deals, I won’t go over each one for a full list you can go to BigReia.com:

Brooklyn – $50k duplex BRRRR deal
Brenda – $30k SFR flip/BRRRR (not sure yet lol)
Brandon – $70k duplex BRRRR deal (could be 70k flip)
Bryce – $120k Buy/Hold new construction vacant land (New Home Builder Model)
Brianna – $250k Five pack of houses BRRRR deal –
Brock – 100k four-plex BRRRR
Brittany – 50k SFR BRRRR

Fred – $30k SFR Flip
Frank – $25k SFR Flip
Flynn – $200k SFR Flip with vacant land new home builds
Francis – $150k commercial apartment complex flip
Fredo – $40k flip converting a duplex into a SFR
Flavor – $20k SFR Flip to over negative cash flow
Florida – $15k Flip WITH $25k financed

Okay so, as a reminder here are the details on the Flip/BRRRR deal Brooklyn:

Purchase Price: 140K Money Down: 30k
Rehab Price: 50K
HML Amount: 160K
HML Payment: 1,200/mo Total Cost: 190k
ARV: 250K
Market Rent: $2,000.00/mo
Projected Profit/Equity: $50K+
Rent versus Payment if BRRRR: Payment after Refi: $900/month Gross Rent: $2,000/month

Okay so, as a reminder here are the details on the Flip/BRRRR deal Brooklyn:

Purchase Price: 140K
Money Down: 30k
Rehab Price: 50K
HML Amount: 160K
HML Payment: 1,200/mo
Total Cost: 190k
ARV: 250K
Market Rent: $2,000.00/mo

Projected Profit/Equity: $50K+
Rent versus Payment if BRRRR:
Payment after Refi: $900/month Gross Rent: $2,000/month

Right now, we are FINISHED:

– Last time we went over the updates on side, and the first stages of updates on the second side
– This week tenants moved in on the second side and the lease was signed, so we are fully rented at $2,000 a month
– Right now, you are about to see pictures of the beginning, middle and the very end

Here’s what we did in this deal that set us above in ARV, we added a half bath. Now, this might not be a huge deal to some, but for a 3 bedroom, this really helps as well as adding AC for both units. To be clear, not all rentals in Indy have AC units, so it adds rental value.

Here’s what we didn’t expect, to be called by the lender for the cash out refinance and asking us if we had any certified appraisers to recommend.

Now, again as I’ve said before, we are all about being on the up and up- totally by the book. No one on our team could actually order the appraisal, but the lender could- and did. It just so happened however that I was able to connect them with the same appraiser who did the appraisal for the HML.

Now, this is a certified appraiser and to make sure it was not only on the up and up, but above and beyond, I got a certified letter from the lender stating they asked me to connect with an appraiser here in Indy first.

We didn’t want this coming back as an unapproved appraisal on the back end by higher ups than our loan officer, so EVERY lender in the equation from the loan officer to underwriting knows…

We were asked to provide contact info for a certified appraiser.

We are in the process here of getting the cash out refinance all wrapped up, and you will all get those numbers when it happens, until then however we can have the most accurate predictably about what the ARV will most likely come back as. This is a VERY exciting part of deals moving forward. 
At the end of the deal here we have completely transformed this property and it’s rented to 100% occupancy; the cash out is under way, and we are getting ready to recycle that money into the next deal.

Okay, so this an example of ONE kind of deal that we help our people do, remember the entire purpose is to build PASSIVE INCOME from a portfolio of rental properties here in Indy that are paid off so we only do FLIPS to get better at Buy/Hold: 

– We have several other deals identical to this one, but we go super deep on each deal we pick so that you can see exactly how we work and just how amazing our team is at helping our Heroes 
– We do duplexes, commercial and standard SFR deals like this too, so if you follow along, I’ll make sure to include plenty of tips so even if we never work together, you’ll learn exactly how to build a business just like this that runs on changing lives, Remarkable Hustle and HFT
– So, stay tuned and you’ll see everything, all the work, the updates, the costs, the payments, the profits,  the profit  out, how to get ALL of your money back and do the next deal, etc.

So, in summary in this Deal Dissection Episode, we covered: 

– We’ve covered the before and after pics
– We’ve covered the numbers in the deal and final details
– AND we’ve told you how we are most accurately predicting the ARV’s
So right now, here’s what we are working for next time, stay tuned and you’ll see:

– The FINAL numbers on the cash out refinance in a few weeks
– The next deal these very recycled funds get this Hero into as keep moving
– How we keep WINS coming for our Heroes, more to come on other folks beyond appraisers lol

So, you’ve seen 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 of $30,000 a month over the next 3-5 years, then you should have at least 100k and good healthy income to start with. 

If you want to talk more about that and see if you’re a good fit just text me at: 317-969-5619.

Upcoming we’ve got our always free printable download and the adventures of our BigREIA friends. If you want to do deals like this here in Indy, we can set up a time to chat and see if we’re a good fit to work together- make sure you go to BigReia.com and get the most complete training in the world on creating passive income of $10,000 – $30,000 a month, go there and you’ll:

Make the Universe Smile.  =  )

~ Indy Anna

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...

Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?

Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord.  Exactly how many Indiana rental properties do you need to make 30 grand a month.  Anna can you help me invest in Indianapolis turnkey real estate investment properties?

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 - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.

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.

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.

When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate?  Well that's exaclty what I did with our “People Page” here it is:

A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.

Stay here at BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Income Ascension and Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

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

Free Comic Book Reveals:

100 FREE ways to find motivated sellers.