All Forum Posts by: Deonte Brown

Hi @Steve Hodgdon. I am sorry to hear that your listing expired without getting any attention. I will be glad to give you a fresh look and even list it for you, if you'd like. If you're interested, send me a message, and let's connect.

Feel free to send me a message if you're interested.

Hi @Brian G. There are several cities in the Phoenix Metro area where AirBnbs would be a great fit. You should connect with a great Realtor who is versed in the Short Term Market to guide you. I would place neighborhoods without HOAs on the top of the list. If you want to venture into communities where CCRs exist, you would want to do your due diligence. 

A fellow colleague of mine suggested a property in Scottsdale for less than $600,000. However, I want to caution you that particular community only allows 30+ day rentals, so in my opinion, that would not be a great fit.

Feel free to send me a message; I would be glad to discuss Short Term Rentals further and give you an idea of projection for the various communities.

Hi @Benjamin Bennett! I would recommend Hocker Law. Many investors use their services, and they have earned an excellent reputation. They also have a title division that can help you close on the property. Essentially it is a one-stop-shop!

Hi Dillan! I am a Realtor and will be glad to earn your business. Feel free to send me a message if you want to talk about Real Estate Investing in Indiana.

I will also be in Orange County soon and would be glad to meet in person to discuss.

Typically, eviction for non-payment of rent is slim, provided you have thorough documentation such as notices that rent is late. Communications such as e-mail, text, and a certified letter demanding rent are always great too. You could even earn bonus points by attempting to arrange a payment plan with the tenant to get them current. Showing a willingness to work with the tenant makes you appear that you're not unreasonable nor a slum lord and makes the tenant appear to be a free loader.

Hi @Shadrick DavisWhile I am not an attorney, I agree with the Buyer's stance. I have come to this conclusion after reading clause number 3 of the Indiana Association of REALTORS® (IAR) "as-is" addendum, which I believe is the addendum you referred to, based on you quoting clause number four. 

Here is a capture of Paragraphs 3 and  4.

 As JD Martin pointed out, "As-Is" does not mean the inspection contingency is waived. It is my belief that the cracked truss is a qualifying defect. This type of defect is not an option on the State's disclosure form, so I imagine it was not disclosed. I would like to point out I don't think it was not disclosed purposely or maliciously because it sounds like you weren't aware of it. However, it was one thing that was discovered during the due diligence/inspection period. I want to commend you for filling out the disclosure form to the best of your ability instead of checking all of the "Don't Know" boxes as most investors do. Paragraph three explicitly states earnest money shall be returned if the Buyer elects to cancel the contract due to undisclosed defects.

Here is a video from the Indiana Association of REALTORS® explaining the "As-Is" addendum.

https://www.youtube.com/watch?...

I want to emphasize that I am not an attorney, and I would suggest you seek the help of one. 

Hi Jason! I would completely echo Tyler's response. I will also add most of the warehouses that have Greenfield addresses are not exactly in Greenfield. Most are in the western part of Hancock County near McCordsville and New Palestine. Most of these warehouses attracts workers from the east side of Indianapolis, Lawrence, and Greenfield. The warehouses are contributing to a lot of growth for the county, so much the county can barely keep pace.

My research tells me that only five properties in Brownsburg are between two and four units. In contrast, there are 133 units in Greenfield that are between two and four units. Based on this, it seems like you will have better luck focusing on Greenfield. I know of a nice three-unit property in Greenfield that the owner did not have luck selling. I believe they are still motivated to sell and would be glad to strike up a conversation or deal with them if you are of interest.

@Tricia O'Brien Realtor.com or Zillow does not post properties into the MLS. However, the MLS will post properties on Zillow and Realtor.com. If you're interested in placing your property on the MLS, you will have to work with a local Realtor. I can help you place the property on the MLS if you are interested. Feel free to shoot me a message.

Hi Richard, unfortunately, there is no getting around the testing and school in Indiana with reciprocity from Texas. I am licensed in many states and the local boards in Indiana are lackluster compared to some of the other boards I am a part of.

If you have any other questions feel free to shoot me a private message. I understand reciprocity pretty well.

Hi @Angelina A.! I hope all is well. I am a local Realtor with a firm understanding of the Phoenix Metro Area, which encompasses Surprise. While the City of Surprise may appear "rural" on a map, it's not. The West Valley, including Surprise, is seeing some rapid growth. So much growth maps can not keep up. I would not consider Surprise to be "rural" anymore. I have worked with STR and LTR investors and both have seen some great returns. In fact, I work with one investor who brought a property in Surprise to retire in and visit seasonally he is now looking for another property because his rental stays booked leaving him little room to enjoy it himself.

Short-Term Rentals in the Surprise area bring visitors who are seeking the Phoenix International Raceway, Lake Pleasent, MLB Baseball Training camps, family, etc. There are more to come because lots of jobs and shopping are coming to the area.

Bottom line, Phoenix is growing so fast and I wouldn't rely on a map to determine what is rural or not anymore. Some areas, that I would consider to be rural are no longer considered rural anymore. A prime example would be Buckeye. Buckeye is to the west of Surprise and it's seeing some major growth. I do see a bit of concern with building an investment property with the builders you suggest. With so much growth in the area, most if not all of those builders have some restrictions in place for investors wanting to build. I would be glad to set up a call with you to show you some analytical data to help you gain a better understanding of the area and its growth.