All Forum Posts by: Allvin Dsouza

Thanks @Abbie Bejrowski

@Keita Tsutsumi Give Pen Fed Credit union a try. The whole process can be done online and working with them was easy. The only reason I didnt go ahead with Pen fed was I found a local credit union that gave me first year promo rate of 2%. But it was a pain working me the credit union.

@Andrew Postell Thanks for the awesome post and I want to use this strategy on my next purchase. I called couple of banks in Indiana and they say there is a 6 months waiting period if one has to refinance from Hard money to Fannie money. I didnt mention the whole LLC strategy but I am guessing using LLC to fund the transaction and adding to the deed would we similar to using Hard money. Any idea how to make this work without waiting for 6 months?

That is really good cap ratio. Are these in Shelbyville IN?

Thanks @Tchaka Owen @Logan Sanford for your inputs.

@Jeremy Johnson - Thanks for your inputs. There are two duplexes - 1/1 each side  and the other one just says 3/1 duplex ( not sure if the bathrooms are 1 in total or 1 on each side). I will definitely check the flood map. You are right. Considering higher PM costs dealing with tenants, capex and mostly higher vacany /tenant turnover this doesnt look like a good deal.

Hi everyone, I have been looking at properties in Indianapolis and have been really deeply entrenched in getting to know areas from out of state- my plan is to go there soon- but work is tying me up at the moment. I am getting an offmarket duplex in this area. Purchase price is 110k and total rent around 950$. The numbers work out well from cash flow perspective but can one get stable tenants in this area?

I read on another thread that most of MFH in indy are generally not in desirable neighborhoods so i was wondering whether this is going to be a headache in long run.

This is close to fountain square but not in core FS, so Is there a possibility of future appreciation on these streets too.  Just wanted to get an idea on the experts from this area.

Hi Mario, thanks for sharing your experience. I am in similar situation. Residing in California, have read BRRRR book and long distance investing. Have to look for a market now to invest. How many days you had to stay in STL and how many times you had to travel back and forth?