Newbie from Seattle, WA

[Ayan C.]

Hi All,

My name is Ayan. I am a Software Engineer from Seattle, WA looking to get into get into Real Estate Investing. I am interested in Buy and Hold long term rental properties in Midwest area. I have been listening to podcasts, watching webinars, and reading books and articles related to real estate investing for about 6 months now. After reading "Long-Distance Real Estate Investing by David Greene", I got the courage to invest out of state.

After comparing various markets in Midwest, I am now looking to invest in Indianapolis, IN. I am working on shortlisting B-class neighborhoods that are majorly owner occupied, good school districts, low crime / vacancy rate, positive population migration over the years, etc. Simultaneously I try to analyze 1-2 properties per day to get a feel for the type of returns that can be expected from a particular neighborhood. My goal is to acquire a Single Family or Duplex through BRRRR in the next 6 months.

I would really appreciate any feedback and would love to connect with you all.

[Phil Kirk]

** I don't work for this bank, but I use their product all the time with Conventional loan investors - Centier Bank in Indy has an amazing neighborhood loan program for purchases of 1-4 unit homes in low to moderate income census tracts.

• 20% down payment
• 30 year fixed rate product with no pre-payment penalty
• no underwriting and processing fees (a credit of $745)
• low interest rate; typically in the very low 4.X%

Originally posted by @Ayan C.:

@Christina J. Thanks for the tip! I have been looking to find reputable credit unions in Indy. But I believe they usually have a requirement of living within X miles from the office. For my first rental, I am looking to take a conventional loan by putting 20% down.