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All Forum Posts by: Alain Perez-Majul

Alain Perez-Majul has started 42 posts and replied 374 times.

Post: HELP! Indy SFRs Have Been Vacant for Months...

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

I second @Matthew Schroeder. Although there could be many factors, like time of year, condition of property, property type/size, etc, they can all be addressed by price adjustments. Given that you said they're in excellent condition and have been on the market for many months now (during decent times to rent), a price drop appears to be in order to strike up interest.

Yeah, really cool stuff! Thanks for the share, Matt!

Post: In need of contractor referral Indianapolis

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

Hi @Sonya Hansell,

Try Big Jon's Used Appliances for the kitchen appliances. They have two locations- one in Speedway and the other is on the East side, I believe. 

Post: Investing in Indianapolis IN

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

@Chris Hodges Sure, let me know when you're in town and we can try to meet up.

Post: Investing in Indianapolis IN

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

@Chris Hodges Depends on what you mean by "new people" and "into the area." Do you mean people from out of state moving into Indy? There are places in Indy (as with any city) that are more popular than others where, yes, you see people wanting to move there.

The Indianapolis housing market is incredibly strong this year, with large shortages of inventory- most homes that get put up for sale are gone rather quickly. Of course, that's not EVERY home, and location, condition, and stubbornness of seller to want to list for higher than what the market would call for would play a part in the house staying on the market for longer.

Post: Investing in Indianapolis IN

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

Yes, it's a great market for buy and holds and flips. Indy can be very street by street, so be sure you familiarize yourself with your different areas of interest.

Post: Landlord - Investor from Indiana

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

Welcome to Indy, @Bryant Harvey!

Post: Tips or successful stories about house hacking!!

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

@Kim Kinson

Kim, the idea of "house hacking" is that you own a multi-family unit (whether it be a duplex, triplex, fourplex) where you live in one of the units and the rental income from the other unit(s) covers your mortgage and expenses and essentially allows you to live for free. The interpretation could be tweeked/stretched a bit, I suppose, as long as a similar concept is taking place- for example, I don't live in a multi-family property, but I would say I am house hacking in my SFR by having a roomate that covers a significant portion of my mortgage.

Post: Learning how to adjust to market changes

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

Great stuff @Stephen Barton! I'm sure most (if not all) of us have been there, and it's tough to push through those moments. Glad to see you're keeping your head high and finding the strength, encouragement, and faith to keep going. Hoping these next two deals come through for you :)

Post: Investor from Indiana

Alain Perez-MajulPosted
  • Investor
  • Indianapolis, IN
  • Posts 393
  • Votes 116

Well you've made a great accidental find, @Don Voglund! This website is a an incredible source of knowledge, from the podcasts to the forums to the educational material they put out. Be sure to take advantage of all of it- you will most likely be able to find what you were looking for!