All Forum Posts by: Adam Kent

Chance, as you scale your business things will be getting tougher to manage. The fact is you might not have enough time to manage all 10 once you get there.  I am a buy and hold investor and the best thing I have done to help manage my properties is my tenant screening process.  Make sure you have a good screening process in place.  One thing I started doing is going to your potential tenants current residence. It can give you some insight on how they currently live.

Do what you love! If option A is something you have passion for, do it.  For me I love investing in real estate.  My W-2 job provides me with an excellent income to put in cash offers.  I do options B and C. I will continue to have a W-2 for the next couple of years. 

Dennis, Welcome to BP.

I am a buy and hold investor and I Stick mainly south of I-70 in Indianapolis.

I would just start asking questions on the forums and networking with local people.  Dig into your local market and start doing research now. That way when you have some cash you can get the deal you want at the price you want. 

 Listen to the PODCAST as well. Listening to the PODCAST is how I determine my investment strategy. 

Let me know if you start looking a little south of your area, I might be able to help.

I have a great contractor for any roof repairs you might need. He also might be able to connect you to other contractors you might need.

I have some real estate agents you might want to reach out to.

Billy Rumsey and Ken Maddin.  You can find them easily using Google.

I have great connections on the southwest side of the city. If you are looking in that area let me know.

welcome to the site Greg. I am investing on the Southside of Indianapolis and Greenwood. Let me know if i can help you in anyway.

Welcome to BP Josh!. I invest on the south side of Indianapolis. The community on the site is great.

Leverage- For myself I don't risk much in this area. I buy mostly in cash and what I do borrow it is not more than I can afford. Sounds very simple, but many take on too much risk and the bottom falls out and they are doomed.

Use the calculators on BP to help you run some numbers. Play around with them to anticipate things like vacancy and operating cost.

Make your money at the buy! If you are a buy and hold investor you should be able to wait out the price depreciation.

I wouldn't discount the rent. You could setup a deal like if you sign a longer term lease, at the end of the year, your last payment will be 300 less.

I would stay away from changing the actual rent per month or six in your case. Great question I had a similar situation recently.

Time-Bomb is correct. I would not keep transferring to keep my interest rate down. Spend the time to formulate a plan to pay down your debt. I can tell you from my experience only, but when I paid off my cars, student loans, credit cards and just got down to just my real estate debt, things got really fun. Yes, I am a big Dave Ramsey Fan.