All Forum Posts by: David Ledbetter

Glenay, this looks like a great plan!  

If I were to offer value, I would suggest that it doesn't need to be perfect from the start.  Getting started alone is a huge step. 

But what gets measured gets managed.  So simply keep track of the letters you send out and determine their "take" rate (what gets calls and what doesn't).  Switching the verbiage could create stronger bites as well. 

Just food for thought.  You're going to crush this! 

@Joseph Parker, I have a friend who is in the Kokomo area and has quite a few properties.  He also says that area is growing (and appreciating) quickly at the moment. What's your take? 

@Mike D'Arrigo, that would be the pre-rehab price.  

And yes @Travis Darden!! I have been showing some of my teammates properties in the area and they cannot believe the prices (Those from the East and West coasts).  Thank you for the encouragement and I am sure you will find a deal as you continue your endeavors ;) Indy is a wonderful city.

@Michael Pittman - thank you for the response!  Yes, it's a grind.  However, we have it much better than many others.  I always try to keep that in perspective! Give my regards to your brother - keep swinging' 

As for the REI networking groups, I'll be in the Round Rock area for the season. So, I'll definitely see what Biggerpockets has for meetups as well as try and get together with others who can help!

@Andy Rumple - I'll PM you!  Would love to hear some tips and tricks from a master! ;) 

@Ryan Dossey - that is the exact kind of information I was looking for.  Thanks for the insight! 

Hi there.  

This is the best [online] community I've ever been apart of. I've been reading a number of different books and trying to find information on areas around and within Indianapolis that will be best for a BRRRR strategy.

What methods are the best for finding information on certain zip codes (i.e crime rates, jobs produced over the past year, renting population and characteristics, etc.) 

I'm a people person and I would much rather reach out to those who are doing this, have done it, or are even looking to do it.  If you have connections or recommendations on others who can help then feel free to name drop below.  

My situation: 

I'm currently a minor league baseball player - look up our average income and you'll be severely disappointed - and I am looking to begin purchasing homes between $30-$60k.  The idea is to use cash initially and keep bouncing the profits into new properties.  Has anyone pursued strategies like this in any other areas (in the Midwest or elsewhere)? 

How do I find the right people to grow this idea into a reality and really get the momentum rolling? 

Feel free to ask any questions.  

Well done Evan! 

Thank you very much for the reply @Brian Burke!  Truly appreciate it.  I'll reach out to some groups near me and see if I can't pick their brains on the subject.  

Well let's say you have 100k... do you look for a syndication or do you go straight to rental properties and cash flow?  Are there tax benefits to a syndication?