Seeking local partnerships and investors(Indiana)

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Seeking local partnerships and investors(Indiana)

Brady Carpenter
Seymour, IN · Member since 2017 · 18 posts · 6 votes
Hello, My name is Brady Carpenter. I'm looking to get my first deal started. I currently live in Seymour, Indiana and have been looking for deals in the Indianapolis area. I don't have much capital but my recent job switch provides me with roughly double my old pay.(Very sad, the jobs here are terrible so I'm lucky for having no degree) I feel that I have gained enough knowledge to get started but I'm still not really sure where to begin? I would like to try several strategies out to see which one I enjoy the most but I do have a few in mind to begin with. I'm currently looking for local investors who could potentially mentor me, I'm very driven and tired of the 9-5 life by itself. I don't mind working it while investing as it's easier to get loans and such, so it will be more tolerable for me knowing how useful it is. Also, any partnerships I can get beforehand. I believe I have a partner that can provide funds for the property and rehabbing so anything else is greatly appreciated. I'm looking for local Attorney's currently but I've yet o find one who specializes in Real Estate. I would like to invite you to lunch if you have the time to talk with me. Thank you for taking the time to read this!
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Zachary Clevenger
Investor · Bargersville, IN · Member since 2017 · 95 posts · 52 votes
9y

@Brady Carpenter

I understand. I've been to seymour multiple times to visit Acme Sports, been downtown Seymour to visit Bite the Bullet. Downtown area is nice, but otherwise not a very good area.

I suggested Columbus due to proximity, population growth, and economic growth.

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  • Zachary Clevenger
    Investor · Bargersville, IN · Member since 2017 · 95 posts · 52 votes
    9y
    Brady Carpenter Glad to hear you are making progress. I would like to make a few suggestions: Stick closer to home. Seymour is to far of a drive in my opinion from Indianapolis. I would stick closer to home (if it were me -say 30 minute drive max. You have to consider easy access to your property, you will most likely want to keep an eye on it.
    1Reply
  • Brady Carpenter
    OP
    Seymour, IN · Member since 2017 · 18 posts · 6 votes
    9y
    Thank you, Zachary! I appreciate it. I would honestly like to move more towards your area due to Indy and Greenwood being s popular area. I'm surrounded by tiny rural towns that are growing to be more and more slum-like. It's a depressing place to live haha. I'll try looking into househacking more I suppose!
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  • Zachary Clevenger
    Investor · Bargersville, IN · Member since 2017 · 95 posts · 52 votes
    9y

    @Brady Carpenter

    I understand. I've been to seymour multiple times to visit Acme Sports, been downtown Seymour to visit Bite the Bullet. Downtown area is nice, but otherwise not a very good area.

    I suggested Columbus due to proximity, population growth, and economic growth.

    2Reply
  • Elia S.
    Wholesaler/Real Estate Investor/Consultant · indianapolis, IN · Member since 2009 · 265 posts · 51 votes
    9y

    Brady Hello if your in The Indianapolis Area feel free to reach out to me I can help with Contractors,Investment Properties,Title Company,Inspectors, an a Real Estate Attorney.

    Elia

    2Reply
  • Brady Carpenter
    OP
    Seymour, IN · Member since 2017 · 18 posts · 6 votes
    9y

    Thank you guys so much! Zach, I will have to look into Columbus more. I figured it'd be a good place for population growth but have heard it's a little on the pricey side so I wasn't sure if I should start there. Elias, I PM'd you. I'm hoping to move more north so I'm in proximity to more places, opening more doors to deals for me.

    1Reply
  • Mihir Bhimaraju
    Investor · Indianapolis, IN · Member since 2016 · 232 posts · 133 votes
    9y

    Hello @Brady Carpenter

    I live on the south side close to Southport But I recently bought a property in Columbus and Indy as well. 

    Be it Seymour or North Vernon, you'll run into a bunch of tenants that might be very difficult to deal- especially in the lower income section. You'll have to be extra careful and invest a lot of the running the background checks. There are good deals in Seymour but the rents aren't as high as you might get in Columbus. 

    As far as Columbus goes, you're right. It's pricey to buy retail. But you can definitely expect higher rents. Greenwood has better tenant base than some parts of Indy but it's more expensive in general. 

    No matter where you decide to invest- make sure there's population growth, flourishing economy and jobs. 

    1Reply
  • Brady Carpenter
    OP
    Seymour, IN · Member since 2017 · 18 posts · 6 votes
    9y
    Mihir Bhimaraju Thank you so much for the advice! I need to look into Columbus because I agree, good tenants/rent is very hard to come by in Seymour and NV. I need to get out of this drug infested county asap.
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