All Forum Posts by: Fernando E.

hey senika, can you please send me additional info? 

[email protected]

thank you!

Fernando

hey jorge, this is in my area, can you please send more info? 

[email protected]

Mitch Smith sorry to hear about that unfortunate event but thank you for sharing and keeping us in the community in your mind. My partner and I are from CA and newer to REI, we are focusing on the Indy market and working with a good realtor. I'm starting to analyze deals now, nothing solid yet but I'm expecting to use a good property manager and a contractor to make some updates on the property that we will buy since most of those in our radar are older homes. Any recommendations for a property manager and a contractor? Looking into areas close to downtown Indy. Thanks in advance!

Wow, amazing story @Brian Adams (by the way, great name, sounds like a rock star!) I'm from the CPA firm back ground as well, now working in the tech industry, those late nights working in the office and missing on the best things in life will be  my fuel in reaching my goals. Great job and thanks for sharing!

Kevin Mosher welcome to BP! This is an awesome community, I hope you will have a wonderful experience. I'm new investor as well and focusing on the downtown Indy market and close proximity cities. I'm focusing on MFH and target to close my first deal by end of year if I find the right deal. Happy to connect, chat soon!

Wow @Austin Fruechting, great job man, and thanks for sharing your knowledge to us! Quick question for you, when you package properties like that i.e multiple MFH, SFH, I assume you don't use the traditional banks for the loan and use a portfolio lender? I'm starting up and focusing on MFH in Indy, but if there's an opportunity like yours that show up my way (Maybe in a smaller capacity) I need to know how to do it. Any tips on negotiations and financing? Thanks in advance!

@Leslie Bandy, great meeting you and thanks for providing your input for SFR. How was your experience so far for turn-key, how is the COC? My partner and I are still in the early stage of scouting the Indy areas close to downtown for small MFH and found a few promising houses but nothing set in stone. I have a realtor that's serving as our boots in the ground in the 46225 area, I will let you know about the experience and will keep you looped in.

William Collins great job man! How did you find your deals?

Hi guys, I'm from the Bay Area and planning to venture in the Midwest with a partner and started looking at MFH close to downtown Indy. I'm focusing on cash flow, and found a good realtor to help me find cash flowing properties, I'm not rushing but gave myself until end of year to close on a property. I'm targeting properties under $150K, COC 15% (yes I'm shooting for the stars, I'm a patient man with big goals and ambition). I'm analyzing using the bigger pocket rental calculator and analyzed around 10 homes already in the last 2 weeks, found a few possibilities and my realtor serves as my boots on the ground to scout the property. I'm also starting my pre approval process, there will be two borrowers my partner and I, both have solid W2. Our goal is to build a strong portfolio in the next 2 years of small MFH in Indy to ultimately replace our W2 and have more options, I don't see myself quitting a full time job but it's the sense of freedom and having the opportunity to spend time with family and love ones as I will be a married man in a few months :) I also listen to BP webinars religiously, and connect to fellow investors. My focus again is cash flow and appreciation so I'm focusing on properties in relatively good neighborhood. My question to the more seasoned BP OOS investors, if you can or desire to rebuild your empire, will you invest in Indy, if so where? What will be your niche market SFR or MFH? What's the biggest lesson learned you have in investing? Advice to newbies starting out to be successful? Thanks in advance for your input, very much appreciate it. I promise to pay this forward.

Zachery, your property just got featured in BP's DOTD, and it looks awesome! I'll send you a PM! Best of luck on this deal bro!