All Forum Posts by: Brent Bridgman

Hey Everyone!

Anyone have recommendations for cash out refi partners on new Airbnb rehabs? Looking for ones who will utilize DSCR strategizes with AirDNA/appraisal as loan qualifiers.

Hello all!

My wife and I have 4 townhouse units on airbnb here in Indianapolis. (see links below) We purchased the properties a few years ago and completely gutted and rehabbed each one with a unique style for short term rentals. We've also realized in the past year that it takes a bit of work to run these things! Looking to offload them as turnkey short term rentals. Let me know if you are interested in more details.

https://airbnb.com/h/therhtownhouse

https://airbnb.com/h/theflamingoth

https://airbnb.com/h/thescandisuite

https://airbnb.com/h/thejoshuatree

@Brandon Stevenson

Haha! This ones pretty outstanding. Happy to send you deals that come across my table though! Dm me to get setup via email.

@Donald Thomas grand slam bro! Nice work!

@Richard Bonisa is spot on. I'd also add that I'm seeing a lot of folks buying duplexes to live in one side and rent out the other. They're willing to pay a significantly higher purchase price. When your goal is to have the other side of the duplex pay your mortgage, you can over pay and still achieve your goal. 

That said, still possible to do deals here, they're not just laying around waiting for us.. ;) Just picked up a duplex for $88k, putting $30k in and targeting rent of $950 per side. Happy to help if you'd like.

Hey @Max Martin,

Sorry this happened to you. As a local, just wanted to give you a heads up that we had a TON of rain in the past week. If its a pipe burst it should be pretty obvious to your team walking into the basement. My hunch is that its a gutter/drainage problem around the exterior of the home. Most water problems in basements around here are gutter problems. People are lazy and don't put in off-shoots for their downspouts so water ends up pounding against the foundation of the home. 

We always put 10' off-shoots on the bottom of our projects right when we start. Its not pretty, but keeps water away from the house. Depending on the finish of the property, you can trench them out and make it look fancy. 

Hey @Peter Aziz!

Great to connect with you on BP. I'm a licensed RE here in Indy as well as an investor myself. I'd be happy to help you out with getting off the ground here!

Hi Jared. I'd be happy to help!

Welcome to biggerpockets!