All Forum Posts by: Gloria N Gear

I would love to have a conversation with you.  Honestly, most of my day is spent in front of my computer analyzing deals so it is not glamourous.  I also sometimes climb around in nasty basements to find foundation issues.  But we can also take you on neighborhood drives to help you identify what areas of indianapolis are developing -- that part is fun!  

Hocker Law in Indianapolis may be able to help you with this.  They have helped me with other creative financing documents.  Their title company side does hundreds of creative financing closings every year.  I will DM you some contact info.

Hi Mark,

I would love to interview for the job.  I have worked with investors for 9 years now (averaging about 50 deals a year) and have done 3 flips and 6 fix n holds myself.  I am a "slow and steady wins the race" type.  I also have a team that is very eager to help you analyze deals.  We can also get you references.  I will DM you my contact info.

Interesting concept -- I didn't think about the financing and insurance implications.  I did this once in the indy area but just for a single occupant. The organization had completely vetted him and he had to take certain classes and check in with them on a regular basis or he lost the benefits.  I was also able to talk to his AA counselor and a separate mentor that he had that he also had to check in with regularly.  I only had him for a year, but it worked out ok and I would do it with that organization again.  So I think the organization is the key and their ability to hold the tenants accountable and evict if necessary, but you are guaranteed payment.

Great idea!  I am hoping to get my son to do the same thing next summer -- I have a couple of ideas for you in both Lafayette and Indy -- I will PM you.

I am a licensed realtor in Indy - I have some ideas for you -- let's connect.  It really depends what you want out of the brokerage.  Do you need more training?  Do you just want to wholesale?  Are you interested in helping other investors buy houses?  As you can see on these forums -- we need more "good" agents that can help OOS investors analyze deals here.  The majority of agents in this area cannot do that well.

 I like them -- it is going to my next strategy personally.  I have several friends that do it and many OOS investors interested in it.  Look up IU Methodist Hospital -- they have a HUGE new hospital being built with 900 new beds that will be completed in 2027 -- I think that is going to bring a lot more MTRs to our area. 

Hi Joseph, I and my team would love to help you.  I have been working with OOS investors for 9 years, and I have three young guys on my team that are learning the investing game and enjoy walking properties and researching for you.  I also have a consultant that we use with 20+ years experience of flipping and rentals in Indy.  We also have a long list of vendors for you to connect with and build your team.  I will send you a PM.

I am a local investor and have helped OOS investors in the Indianapolis market for 9 years.  I personally have 6 rental properties and have done 3 flips.  Right now, with current state of the market of Indianapolis, I believe Fix and Hold is the best strategy.  YES, there are still some very successful flippers still making a nice profit, but with Days on Market being a little longer, the numbers are a little tighter right now.  There are plenty of properties out there that still need fixed up and the rental market is still strong.  The sales market is steady, we are not going to see a crash in this area, but it is taking longer for houses to sell and that cuts into profit margins.  This is my opinion only - there are many more opinions out there and that really may change in the next several months - it is just what I am seeing right now.

On a buy and hold -- what is the purchase price? What is the rental price? When you add in PITI (principal, interest, taxes, insurance) are you going to cash flow on a monthly basis?

Then you need to figure out construction cost to get the property rent ready.  After that don't forget cost for property management, capex savings (for major repairs), and maintenance savings (for small repairs).