Rental Property Investor · Walnut Creek, CA · Member since 2016 · 7 posts · 2 votes
Hi,
I just got my first offer approved on a duplex in Indianapolis. Does anyone have a property manager they would recommend? Also, I am debating between two banks willing to finance the deal, Huntington Bank and Fifth Third. Anyone have any positive or negative experience with either.
@Ryan B.I hope you did a lot of due diligence on the neighborhood. Indianapolis is real tricky for multi family. We've done hundreds of deals in Indy but have only done a few multi families in the last 5 years.
@Ryan B. I've used 53rd on a couple refi's, it was hard work on my end and they were very slow. Took about 8-10 weeks I think. Felt like forever... they did go through and I did get great rates on 30yr fixed. So if you don't mind baby sitting the deal and have the time otherwise try a different option.