All Forum Posts by: Josh C.

@Justin G. As with all service businesses there are several good ones and several bad ones. With Oceanpointe being the worse. We’ve been doing a while. Please reach out if we can help.

Indianapolis is a great market. I’d recommend avoiding the D class market here unless you can scale to mix several losers in with some winners.

Good luck!

I know. I want high cash flow and high appreciation for not too much down too.

@Ruben Morgan,

Doesn’t really matter it’s seems within reason. 1300-2000 or so. Kitchen is the same. 2.5 baths are the same. HVAC the same. Plumbing the same. Windows, siding, roof would be close the same. Etc. Those are where your money is spent. A little extra framing, drywall, flooring doesn’t move the needle. I’ve done several of these projects in Indianapolis and the always shake out about there. These are higher end jobs in referring to. Hardie siding, hardwood and tile, solid cabinets, nice window package. You could gut rental grade for probably 80ish. Maybe less if the joists were not totally termite eaten or foundation was OK (but they usually aren’t). Obviously, these are very general numbers, and me not doing any labor. But sometime people come here and see what materials cost at Lowe’s and think they can do a house for 40k and lose their shirt. My first couple were not great so the mistakes are common. But Indianapolis is a great market. Especially on the rental side.

@Koree Scott

Yes, it’s very very unlikely you’d be able to get a transitional loan. That being said, don’t you want to work? Or have to work? Food and such? 100 grand doesn’t last long, even in the Midwest. Maybe a live in flip would be good employment for you? That’s all cash so no need for a bank. Do two a year and your set.

Good luck and thanks for your service.

This was the longest post I think I’ve ever seen in the 10+ years I’ve been on this site. So I couldn’t read it all.

That said, one, it will never pass. And two, people overall make short term decisions. The thought that everyone is going to take that money and spend it responsibly is silly. If this insane bill ever passes I’m selling everything and buying stock options in target, amazon, and some auto company. That’s exactly where that grand will go every month.

@Ruben Morgan

To the studs making it nice with all siding windows etc should be in the 150-200k range. If building a decent garage add 30k-40k. Those are fun and budget bending projects.

Good luck!

talk to @will Hull about Anderson. He’s pretty active up there and has some good deals, cheap anyway, up there.

Personally I like Indianapolis better, but I live here so might be bias. The growth and job diversity is hard to argue with though.

Good luck

@Daniel Whitmore

Don’t let the tax man rule your life. 40k income in LA sounds like lots of roommates and lots of pasta. With 70k in stocks (let’s say your gain was a very aggressive 50k) that’s only $7,500 in tax liability. You could and should make more than that delivering avocado toast or whatever you guys eat out there on the side. Hard work and higher income cures most issues. House hacking could also save expenses and build wealth if you can qualify for a loan.

Good luck and you are thinking in the right direction which is half the battle!

@Manouk Yeghikian

A dollar today or a nickel every year.

@Angelo Aguirre

You clearly have a relationship seller and have tunnel vision. The net was same to seller. That should be the end of it. The realtor/buyer didn’t plan on the original buyer doing the inspection and then backing out so that was of no benefit and the seller would have most likely shared that with and new buyer. What if the second mortgage your slow friend forgot about was 50k. Should the realtor/buyer raise her price 50k? Would that family if their finances went through raised their price 10k you think? The seller was well aware of all parties and motives, they were just mad they had to pay back the 10k they borrowed and promised to pay back years back.