All Forum Posts by: Eric Hart

@Chaz Robinson

Airbnb market is strong in Indy. Lots of people visit for conventions, sports, music, and various get togethers (more so post covid but still maintained pretty solid presence during 2020 all things considered).

Hey @Aaron Clements, did you end up getting any good recommendations on windows or HVAC contractors? I did a search for HVAC/BP/Indy and this post came up. Any DM's through this or experience yourself one way or another?

@Mike D'Arrigo

Yeah. I guess if there’s even a potential for loud sound and the upfront cost is higher, then it doesn’t make much sense. I’m sure there’s a reason there’s not many metal roofs in Indy. I’ve been enjoying noticing all the slate roofs in the historic older / A neighborhoods, but that’s probably not the right call for this house. Thanks!

Thanks @Mike D'Arrigo

A little more background -- I'm closing on the home in a couple weeks, and the hail damage occurred years ago (the current homeowners claim the roof is 5 years old, but there's a strange strip of shingles that are significantly darker than the others). I've lived in Indy for 7 years and haven't seen that much hail. Maybe once or twice a year. I'm mostly concerned with sound from heavy rain. Plus the home is going to be an Airbnb, not LT rental.

Anyway - the main question right now is longevity, aesthetics, and potential for loud sound on a metal roof vs. shingle. We currently see ourselves holding it for 20+ years, but life tends to throw curveballs so we may go with the cheaper asphalt option. 

Hey Joe - congrats on getting into REI at an early age. Are you getting a co-signer or what's your w2 job that's getting you qualified for a loan at your age?

What makes you interested in real estate investing? Are you going to school around Indy area and going to learn property management and handyman/DIY skills yourself?

Good luck on your journey!

Thanks @Steve Lehman

I reached out to Bill and have him coming to look at the property this week.

@Earline Caudle

Bobs construction out toward Eagle creek with 2.4 stars on google maps?

@Josh Smith! We're actually closing on the house in a few weeks and the house sustained the hail damage several years ago per the sellers. It looks like they just did a quick/ugly repair job and possibly pocketed the difference received from insurance. 

Good to hear firsthand from someone about sound. It sounds like we may need to be ready to add an extra layer of wood or insulation or something to help reduce the sound and then that would likely cover the potential sound issue.

Any recommendations for Indianapolis Roofing companies? I've gotten quotes from Bone dry, Universal Roofing, Stay Dry, and Cochran. Bone dry seems to be the best value of the group in terms of cost, material quality in their bid, and warranty.

I have a steep pitched roof (A-frame design) and a flat roof (both on the same home), and am weighing the options of upgrading to a metal roof for longevity and energy efficiency. I've heard they can be louder in the rain though and would want to avoid that if that's true. The home sustained some hail damage in the past, so spending more on something with more long term strength is a plus. The home will be an Airbnb, so design is also a factor.

Appreciate any recommendations!

@Jonathan Tao yeah, the general consensus seems to be Indy is a great place for cash flow, so if you're only expecting $150/mo that hardly seems worth it. That is a fully loaded number though based on your analysis so that's good. 

Definitely a reasonable case, but doesn't seem like its a home run or anything. But again - you may be running ultraconservative numbers and have a good deal on your hands?