All Forum Posts by: Dustin Budny

@Doug Peters What made you go with the townhouse over a single family? Noblesville is definitely a nice area! How did you find that deal? Was it on market or do you have a connection with someone local? I'd like to stay in contact.

@Craig Curelop Thank you for the response! Some great input! I've already working on, attending webinars, podcast, reading (all the books your recommended and more), and looking forward to becoming more active in meetups asap.

@Jeb Brilliant Thanks for the input Jeb! Always safe to error on the conservative side.

@James Wise and @Paulie Singleton Thanks guys!

Whats up BiggerPockets?!

I joined the forum several years ago but took brief hiatus to focus on building my primary business as a contractor in the motorsports world (mechanic/engineering for race teams) as well as better set myself up for financial success. In that time I managed to paid off all debt, build great credit, and save a substantial amount of money in preparation for my venture into the real estate world. I haven't been slacking though! I've continued to read books and listen to podcast about the real estate game, but it's time to start doing! I recently became a Pro member and have been working with the different calculators and analysis tools examining several deals a night. Putting in the reps!

Immediate goal:

• Purchase a multi family property in Indianapolis with long term buy/hold intent
• House hack property using the BRRRR method
• Cash on cash ROI of 12%
• Cash flow $200/mo

Reason for pursuing real estate:

Freedom. To become financially abundant, giving myself the freedom to just live life, be there for my family and friends, and give back to the community.

Questions:

• 1. What are other Indianapolis investors using as your vacancy rate? I've read articles stating 2019 rates were around the 7% mark, but I'm curious what actual investors are seeing/using.
• 2. What are your favorite Indianapolis real estate groups? Any persons of contact to become involved would be great!

I'm excited to start connecting with other investors in the area, and begin building a network full of positive relationships!

Thanks!

Dustin Budny

Thanks for the welcomes!

@Louise A.  I will be attending the INREIA meeting on July 12. Do meetings still start at 6:30 as listed on the website?

@Shawn Holsapple Thank you for the heads up on books to read! I have already read The Ultimate Beginners Guide to REI, Rich Dad Poor Dad, and Rich Dads Cash Flow Quadrant. I plan on reading The 10X Rule and 4 Hour Work Week next!

Hey everyone! I am Dustin Budny from Indianapolis. I'm new to BiggerPockets and new to real estate investing as a whole. Currently, I work as an engineer, but want to start earning passive income through investment properties. I joined BP to learn about investing in single and multi-family rentals as well as flips, BRRRR's. I'm excited to get started in real estate and look forward to networking with other members. -Dustin