Newbie looking for a mentor and networking in Indianapolis

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Newbie looking for a mentor and networking in Indianapolis

Lisa Taylor
Investor · IN · Member since 2025 · 3 posts · 1 vote

Hi BP community!!  I'm new to real estate investing and I'm looking for a mentor and other networking in the Indianapolis & Carmel, Indiana area.  I'd also love any advice on the best kinds of investments to get started.  I'm considering foreclosure auctions to hopefully scoop up a property or two to do a quick flip.  Ultimately, I'd like to buy and hold residential and/or commercial rental properties to cash-flow my life.  I'm open to other opportunities as well.  

Real estate has always been interesting me.  Several years ago I got a real estate agent license just for fun and for the education.  I did not join a brokerage or become an agent.  I continued on with my 9 to 5 in Healthcare, meanwhile still dreaming of making the leap to real estate investing.  I'm back and ready to learn all that I can about creative financing and building my portfolio using other people's money.  

I appreciate any and all advice!!  Thanks so much for letting me join your community!

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 728 votes
    11mo
    Quote from @Lisa Taylor:

    Hi BP community!!  I'm new to real estate investing and I'm looking for a mentor and other networking in the Indianapolis & Carmel, Indiana area.  I'd also love any advice on the best kinds of investments to get started.  I'm considering foreclosure auctions to hopefully scoop up a property or two to do a quick flip.  Ultimately, I'd like to buy and hold residential and/or commercial rental properties to cash-flow my life.  I'm open to other opportunities as well.  

    Real estate has always been interesting me.  Several years ago I got a real estate agent license just for fun and for the education.  I did not join a brokerage or become an agent.  I continued on with my 9 to 5 in Healthcare, meanwhile still dreaming of making the leap to real estate investing.  I'm back and ready to learn all that I can about creative financing and building my portfolio using other people's money.  

    I appreciate any and all advice!!  Thanks so much for letting me join your community!

    Hey @Lisa Taylor, welcome to the BP Forum! What type of properties most interests you, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? If you're looking "scoop up" a property or two via foreclosure auctions, I take it you're willing to buy something that needs a lot of rehab?

    [email protected]
    0Reply
  • Jeremy TallmanBusiness Member
    Property Manager · Indianapolis, IN · Member since 2016 · 142 posts · 75 votes
    10mo

    Feel free to reach out. We know Indy extremely well and have done most forms of RE investing through the years. 

    T&H Realty Services, Inc.4.51277 Reviews
    WebsiteView Page
    0Reply
  • Todd AndersonPro Member
    Real Estate Agent · Cape Coral, FL · Member since 2023 · 392 posts · 176 votes
    10mo

    @Lisa Taylor,

    Welcome to the BP community.  

    I am not in that area but will give you some advice from my experience.  

    First I would recommend that you find a broker to hold your licence.  I found personally that it helped me to have a licence, even if you never sell.  I have hers some investors that disagree because it makes you a "shark among fish".  I always used it as a point of teaching when I went into negotiations.  

    Next i would advise that you stay away from foreclosure to start.  There are too many landmines that you can't see on early deals.  I would look around and find a property close to you that you can do a cosmedic flip and tart renting long term.  This will be low entry point, easy lift for the flip and it will get you experience with management.  

    Join an area REIA group. there will be investors there that are looking to move some properties off market. This is also a great place to find local mentoring.

    Congrats on making the decision to get started.  Feel free to reach out with more specific questions.

    Best of luck.  

    [email protected]651-492-5652
    0Reply
  • Lisa Taylor
    OP
    Investor · IN · Member since 2025 · 3 posts · 1 vote
    10mo

    @Todd Anderson Thank you for the advice! I need all the help I can get.

    0Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    10mo

    @Lisa Taylor

    hello!  if you're still here, a few random reactions.

    -definitely start networking, going to meetups, and meeting with other investors.  however local investors are sourcing off-market deals is how you will be able to as well.

    -foreclosure auctions are generally very competitive and a difficult way for a new investor to get a deal. 

    -residential basically isn't cash flowing right now, period.  prices and rates are too high.  lower cost properties that you're told will 'cash flow' tend to be in more challenging areas.  commercial investments that are intended to cash flow still certainly can, but margins have been compressed, again due to interest rates.

    -how to start?  if you're well capitalized, maybe with something moderately distressed.  sourcing deals is just very tough right now because there is so much demand.  all the experienced investors are looking the same ways.  and if you're not well capitalized... i'd save up more capital.

    -hope this helps - happy to connect / answer any other questions you have

    -nothing to sell / not a cheerleader for, or invested in, any specific state, area or niche

    0Reply
  • Gloria N GearBusiness Member
    Realtor · Indianapolis IN · Member since 2018 · 464 posts · 339 votes
    10mo

    Hi Lisa,  I am going to DM you so that we can meet up, but yes, there are good networking spots in Indy.  I am looking to figure out which ones are still active this year myself.  CIREIA is the main one in Indy that has a lot of resources.  I am part of a ladies investor group that meets in Fishers that I LOVE!  Then some of the wholesalers host different events -- Simple Wholesaling and Mainstay are the main ones.

    0Reply
  • Lisa Taylor
    OP
    Investor · IN · Member since 2025 · 3 posts · 1 vote
    9mo

    @Gloria N Gear I would love to hear more about the ladies group that meets in Fishers. How do I get connected to the group?

    0Reply
  • Darin MoonBusiness Member
    Real Estate Agent · Indianapolis, IN · Member since 2020 · 18 posts · 5 votes
    9mo

    Hey @Lisa Taylor seems like you have a good vision for what you are interested in. I am an investor agent and manage serval short term rentals in Hamilton Co. If thats a market you have any interest in let me know. Id be happy to grab coffee sometime. 

    [email protected]765-618-0867
    Darin-Moon Sycamore Realtors4.817 Reviews
    WebsiteView Page
    Sycamore Realtors and Managment
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    0Reply
  • Gloria N GearBusiness Member
    Realtor · Indianapolis IN · Member since 2018 · 464 posts · 339 votes
    9mo

    @Lisa Taylor - Here is the facebook group https://www.facebook.com/groups/444026234122846

    0Reply
  • Jeremy TallmanBusiness Member
    Property Manager · Indianapolis, IN · Member since 2016 · 142 posts · 75 votes
    9mo

    Hi Lisa - I encourage you to visit our website. We have hundreds of blogs/info pages dedicated to investor education, specifically in the Central Indiana market.

    If I can help out in any way, feel free to reach out!

    T&H Realty Services, Inc.4.51277 Reviews
    WebsiteView Page
    0Reply
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