Rental Property #4 has been fully funded and is now ready to go! I signed and wired the funds to escrow this past Tuesday, however, there was a small final glitch that kind of held things up for another day. Apparently, the notary forgot one of the forms, so the lender wouldn’t fund the loan until they got yet another signature from me!
This stuff happens… all the time. Well, at least it seems that way to me. This loan took over two and a half months to close, so at that point, I was pretty much just used to it. No big deal, another hurdle to clear. Finally, on Thursday, I did receive the “all clear” signal from the seller. So, Rental Property #4 is now officially mine!
Just to recap, the property is located in Indianapolis, IN. It is a 3/2 single family home. The purchase price was $95,000.
Up to this point, I haven’t posted any pictures. Actually, I’ve never even seen the place myself (again this goes back to trust and building a reliable team). I only have pictures that the seller provided to me.