All Forum Posts by: Gloria N Gear

@jake knight All Good points  

@Jeremy TallmanI have one in Brownsburg (Hendricks County) that doubled, but another one around the corner that increased a reasonable amount - (same square footage).  All of my marion county ones seem fine, but I am helping one of my investors that had her assessment go from $160K-$230K  (and there are no comps in the area above $200K)

https://5minspections.com/ if you are still looking for someone.  I  have used Wylie before too - he is a straight shooter.

Hi Ryan, I would love to help you in the Indianapolis market. I have been an OOS investor realtor for almost 8 years and am investor myself. (To answer another post on this thread, I think being an investor helps me with my clients because I know the areas that work best for the different strategies. My husband only lets me do a few of my own at a time, so I see all of these other deals that I can't do and I try make sure my investors get them. Also, I may be looking for a SFR mid-term rental for my portfolio and my investors are looking for duplexes or big Flips) Also, if you are going to do DSCR loans, partner with Staci Rogers on this thread (she has a loan clear to close for me right now before I even got the inspection process finished)

I would love to have a conversation with you.  I am an investor agent and then can get you plugged into my network so that you can start building a team here in Indy.  BUT, I am more interested in learning more about your side of the business - that sounds very interesting.  (We better plan an hour - I am a talker).  I will PM you.

Try Goosehead Insurance -- they are a brokerage (not a single agency) started by investors because they were not finding the products they needed. My local Goosehead rep, looks across all the agencies to find the best vacancy insurance for me, then flips it to a different company as soon as I get a tenant in it. (If I am doing BRRRR)

Hi Aaron,

Jump in -- the water is fine!  Once you get the first one going, it will help make the next ones easier.  I don't know where you are in Northern Indiana, but I would suggest starting in your own back yard where your wife knows the market.  I grew up in Lake Wawasee/Syracuse, but there are tons of lakes up there that make for great short term rentals.  My sister has a tiny fishing cottage on a little lake Papakeechie and she is booked solid from April to October every year.  I will connect with you in case you want to talk more.

YES!  Investors feel more confident hiring vendors that are investors themselves.  I like referring to people like you who are also investing because you can also give insight if a property is a good buy or not.  Also, for you, you are gaining experience while getting paid for it.  Win-Win.

Foundation repair is a major defect. (Line 238 if you used a purchase agreement)  If I was your realtor, I would send the seller the estimate and ask for a price reduction of that amount.  

Are there enough other repairs that you could qualify for a hard money loan?  It would be a temporary loan until you fix the items, then you could refinance into your regular loan.  Just an option to think about - the numbers would be tight.

I use Hocker Title -- they do off-market through the regular title process, but if something comes up that requires an attorney, there are attorneys on staff who can work through the issues.  When I worked for a wholesaler, we did all transactions through them.  Other good local title companies for off-market are EagleLand, Monument, and Investors.

Just some additional companies for you to consult with in the Indianapolis area -- Hitman Solutions (former contractor at Michaelis) - Acculevel, Jaco, Crawlspace Doctor  -- PM  me if you need phone numbers