All Forum Posts by: Fred Ewert
Fred Ewert has started 7 posts and replied 17 times.
Post: Looking for some help finding my first house/duplex
- Mentone, IN
- Posts 18
- Votes 11
I am trying to get a duplex that I will live in and rent out. I want to stay under $115,000. I plan to do short term rental but I want the numbers for long term to make sense as a backup plan. I could get a slightly distressed property if there is a deal since I have capital for 5-10k in renovation.
Post: creative ways for finding deals...
- Mentone, IN
- Posts 18
- Votes 11
@Ross Denman Thanks for providing that tip about the Code Enforcement Database. Can you go in to detail about which column:Case Type and column:Status you will reach out to? An area I am searching is mostly for Trash - Investigation.
Post: Excited to find my first real estate deal
- Mentone, IN
- Posts 18
- Votes 11
@Bruce Lee Just now looking at your response. That is cool you live so far away, I'd like to visit Seattle one day. Me, I am only 2 hours away and go to Indy once a month on business. But, I don't drive around looking for properties so my experience isn't the most valuable. I've read a lot in the last year on the Indianapolis sub-reddit so I have at least an idea about many of the locations in the city.
@Neil Goradia Thanks for the help. At this time I think my best bet is on finding a turnkey company because I don't have the time required to build a team for rehab, pm, etc. Unless you somehow wholesale turnkey multi-families :)
Post: Excited to find my first real estate deal
- Mentone, IN
- Posts 18
- Votes 11
@Jay Helms, @Alex Huang, @Bijoy Shah, @Elizabeth Wilson, I didn't properly use the @mention feature the first time I don't think. Have it down now though. Thanks for all of your input.
Post: Excited to find my first real estate deal
- Mentone, IN
- Posts 18
- Votes 11
@Bruce Lee Thanks for reaching out. That could be possible because I will be in town that weekend for non-REI business but I really want to make some time to drive some of the areas of interest so I will keep you posted. I am curious to what data made you zero in on Little Flower/Emerson Heights neighborhoods?
Post: Excited to find my first real estate deal
- Mentone, IN
- Posts 18
- Votes 11
@Ryan Murdock Thanks for the advice. Looks like things are very competitive in Indy. Enjoyed the knowledge you provided on that podcast too.
@Alex Huang I will be keeping an open mind. I think I will try to go outside of the 465 loop before I start thinking about properties that need repair based on steeper learning curves related to that. I am hoping to buy within 3-4 months so I am very limited on time.
@Elizabeth Wilson Nice, it is a small world. Yes, I do live there now but do business in Indy often which is why I want to move there. That is something I plan to work on are the connections element to REI, so I will check out some groups on and offline.
@Bijoy Shah Thanks for the input. I will most likely be listening to a few podcasts about distressed properties. Before I knew this expectation my plan was to stay away from any kind of place that needed repairs since it isn't my strong suit.
Post: Excited to find my first real estate deal
- Mentone, IN
- Posts 18
- Votes 11
7 days ago I didn't know about the serious cash flow potential I can gain by buying a duplex and house hacking. Someone in my business niche made me open my eyes to REI and I have been studying every free hour I have. With that said, I need to move soon and I don't want to rent as my old plan was going to have me do.
How realistic is it for someone like me to obtain a Fair to OK deal (my expectations are low since I have no connections or experience). My goal is a duplex that I can live in and have a little cash flow from the property on top of being rent free.
Good news is I hear Indy is one of the top cash flow cities in the country. From my limited searches though i struggle to see a 1% property so far on Zillow, Realtor, and the like. Can you set my expectations for me a bit? Thank you!