All Forum Posts by: Gloria N Gear

Hi AJ, my husband grew up in Pittsburgh area and is also a Steelers fan.  I do not know the real estate market there, but I would say research the job market and economic stability. (He has one brother in that area with a very stable manufacturing job). Just a general rule for any areas you are looking at.  I am in the Indianapolis Market and happy to have a conversation with you about that area.  Very stable and diverse economy here.

I just came from a wealth building seminar that stated as realtors, our first option should always be to buy the property ourselves.  I had a similar situation with a friend, she was a widow lady, so I went to her son and clearly laid out what the open market would bring but what she would have to do in repairs to get it to that point.  Then I told him what I was willing to pay.  They opted for less hassle and took my offer.  As long as you are very clear with the numbers and give the owner options (supported by comps and facts), you are not being unethical.

This is not a completely popular opinion, but I am partial to the west side of downtown Indianapolis around the Indy 500 track and the zoo.  I have 2 properties over there myself and they are my favorite buy & holds.  (I paid $106K for one and $95K for the other).  There is a lot of commercial development happening all around there - Indy 11 complex, 16 Tech, Hospitals (Community is adding 900 beds), Elanco headquarters.  Be happy to hop on a call with you to discuss.  I also have links to these developments.

https://5minspections.com

Hi Sunny -- Welcome to freezing Indianapolis.  I am going to DM you, but I would love to invite you to an all ladies investor meeting that meets up near Keystone Mall on the third Thursday of the month.  We would love to hear your story - there are several ladies in the group that have rentals scattered all over the US.

Hi Penny, I do not personally know the Champaign/Urbana market, but my cousin used to be the marching band director there and it is a beautiful little community.  The investors I know that are successful there cater to the college market.  I am in Indianapolis (only a couple of hours from there) so a similar feel but not so rural with a thriving job market.  Let me know if you would like to hop on a call to have a conversation about that.

Nicholas L is right though -- OOS investing is a lot of work and the key is to get surrounded by the right team - property manager, contractors, etc.

Hi Sandeep,

Good question -- it really depends on the area. Some areas are much better for condos, some multis would do better.  And also what would cash flow. When you add up the fees, sometimes condos don't work, but if you get in a bad neighborhood with a multi, that sometimes causes high turnover which limits your profits.  You also need to be careful with some condo associations because they limit how many rentals are allowed.  I would be happy to hop on a call with you and discuss.

Hi Tony,  

For Indiana, in my opinion, Hocker Title is best for wholesalers and OOS Investors.  Monument Title and Investors Title are also very good.  PM me if you need contact info.

Hi @Leslie Bovaird, it is me.  I will send you a direct message.  Happy to hop on a call and answer any questions about Indianapolis.

Hi Charisse,

I have been helping OOS investors for the Indianapolis for 7 years now and am an investor myself.  I would be happy to hop on a phone call and answer any questions you have.  I will PM you.  I have lived here for 12 years and am so excited about the growth and development that I continue to see.