All Forum Posts by: Alex Collins

Hello, beginner real estate investor here! In 2020 I graduated from Indiana University of Bloomington with a Bachelor's degree in Nursing. Since graduating four years ago, I moved to Downtown Indianapolis and began my nursing career. Currently I view real estate investing (REI) as a method of generating additional income apart from my 9-5. However, my future plans with REI involve transitioning my primary income from nursing to REI. The main property investment strategies which interest me are STR, MTR, house hacking and flipping. The type of properties I'm searching for are single family ranches and multi-family 2-4 units. In view of the fact that I'm a newbie, complete home renovations seem out of my league (for now). In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC. In regards to capital I have options: FHA, private lender, tradiational, and I'm moderately liquid. As for location I'd like to purchase property I'm undecided; wherever isn't going to give me a headache :).. I do however want to purchase something within Indianapolis or the surrounding areas: Greenwood, Avon, Carmel, Plainfield etc.

 Appreciate it! @Jonathan Ghione 

@Jaycee Greene Well let me edit my initial comment. I'm specifically looking for a market or personal distress property. Of said property, I'm willing to spend up to 75% ARV. Again, I'm not looking for a complete reno. Since this is my first property I don't mind fixing minor cosmetic issues (i.e drywall, carpet, paint, light fixtures) and "some" major things such as a additional bedroom, remodeled kitchen or bathroom.

@Jaycee Greene Not 100%, approx. 80%. Also, no I'm not looking for a complete reno. More like something that needs a maybe new flooring/dry wall with a complete bathroom or kitchen reno

Hello @Jaycee Greene. Honestly, I'm not sure which neighborhoods are best to invest in. I've heard some of my realtor friends mention Bates-Hendricks, Fountain Square and Fletcher Place as being a great area to research. I'll probably use a private lender for the flip.

Hello, 

New real estate investor here in search of a mentor to help navigate the Indy real estate market and surrounding areas. 

Hi, beginner here looking to join a real estate group in indy. 
 

Just curious. If so, that may be the route I'll take.

That's refreshing to hear because I've been on the phone with lenders all morning/afternoon and they've informed me that they cannot fund a FHA 3.5% on a ground up (construction) build for a quad or triplex.