All Forum Posts by: Ben G.

@Dave Snider 

Acquiring properties on the North Side that meets the 70% rule is going to be really challenging, not saying that it can't be done, but in Washington township and Hamilton County it's going to be tough.  In the past 10 months I've acquired one.  Maybe I need to market more, but most of my leads come from Center Township.  You may want to try and focus on finding attractive pockets of neighborhoods in Center Township. 

Sheriff sales may be an option, but keep in mind that you'll have some heavy competition for properties on the North Side.

If I come across something I will let you know.

@Dave Comer  I don't deal with any Section 8 buyers, but it would be nice to find one in Indianapolis, because I get a ton of leads as well.

@Taylor Jennings  

Scenario 1: looks like the easiest solution and the least stressful.  I'm sure you don't need any more stress right now! ;)

Scenario 2: I'll wait for you to answer @Wayne Brooks questions because I was a little confused on this scenario. 

@Dave Comer A highly successful real estate investor I know always preaches, "stay in your lane."  

Not a bad idea though.  Are you having trouble finding a section 8 landlord?

@Dave Comer  my next questions are, why are you buying in 25th and Keystone?   What is your exit strategy? Do you have a buyer in that area?

I wouldn't be dealing with buyers that I thought I couldn't trust.  My buyers have no problem if I get paid and neither do my sellers.  Work on building some rapport with your buyer, setting expectations, and letting him know that you are in this for the long term.  If he want's to cut off the hand that feeds him it's his loss.  He will soon get a bad reputation in the Indianapolis area, and then he will really have trouble finding wholesale deals.

@Curt Davis  good looking website.  What aspects of the build and seo are you outsourcing and what are your monthly costs associated with the maintenance and SEO of the website? 

I am acquiring properties as a wholesaler for an active flipper in Indianapolis.  A lot of opportunity here.

@Pat Healey 

The 70% rule doesn't always apply for more expensive properties where 30% equity mean more cash for the buyer on a 500k property vs a 200k property.  

Sometimes the rehab buyer just prefers to have a certain dollar amount for profit.   For example:  some investors criteria on a fix and flip may be minimum $20,000 profit on a flip rather than the 70% rule.  I hope this helps?

@Rob Scarborough yes you are coming in new, but no worries. It's funny to look back on that post and see how far I've come since then. My lack of knowledge back then caused an inflation of ARV to 60k. This is more like a 40k house ARV and therefore leaves no room for repairs.