I am looking to buy my first investment property in Indianapolis, IN. I have my sights set on C type properties in the $25-$50k range which I would purchase with a combination of my funds and HML, rehab, and then refinance. These seem to be good figures for generating cash flows with high COC returns.
I am looking for anyone with suggestions or experiences with financing providers in the area. I made a few phone calls to national HML lenders and the lack of local insight from the financing providers concerned me.
I have a good chunk of funds I am going to put into the deal but I am looking to finance the rehab and part of the purchase, and I have decided against using credit cards (don't want the hit on my credit score).
I'm hoping to hit a few keyword alerts of local Indy investors and would appreciate any thoughts.
What kind of local insight are you expecting from them?
@Kenneth Cowan Id be happy to connect you with a HML in the Chicago area that is very familiar with the Indy market. PM me and I'll connect the 2 of you.
@Mike D'Arrigo sorry. Poor phrasing. I don't necessarily need insight from my lender. I probably was meaning more local connection. My fault.
Hey @Kenneth Cowan
I am a local Indy investor but also lend my money on good projects I believe in in the city. If you'd like to speak about a specific deal or financing for acquisition/rehab, I would be happy to connect.
Best of luck!
Beth Lindson is a good HML in Indy.
I can vouch for Joshua Bangert. He is a great guy with a wonderful full service company! Highly recommended.
@Clay Manship I'm interested in learning more about the Indianapolis market! Pm me so we can chat when you have time!