All Forum Posts by: Grant Anderson

Do you know of any real estate investing events that happen the last week of the month? I am planning a. Trip to Oklahoma City the last week of September and am interested in getting together with real estate investors. Thank you.

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Oklahoma City, Oklahoma

My wife an I will join you. How will we know who you are?

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Indianapolis, Indiana

You don’t have anything signed with them? You should have a signed a property management agreement and had everything set up for your property manager prior to purchasing the house. With that said, it sounds like they are not the best property manager for you since they haven’t really done anything to gain your business. You should move on and get a new property manager. Do you have boots on the ground to check out the property to see if the property management company has rented the house out without your knowledge?

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Pay for CIREIA and there are many different sub groups and you will get a benefit from going to the meetings.

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Indianapolis, Indiana

@Tristin Sellers you have to have something! There are a couple of things you need. Time, money, or credit. If you have one of those you could be valuable to someone. So don’t say you don’t have anything. If you don’t have anything you really can’t do anything. So what do you have?

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Originally posted by @James Mc Ree:

Thanks, is that the process in Indianapolis?

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Saint Louis, Missouri

Originally posted by @Harvey Levin:

@Isaac Anderson As an Investor, I did my 1st Section 8 tenant in Indy in 1985. Currently, at our Property Management company we manage about 300 Sec 8 voucher holders in houses and doubles. It is important to note that each Public Housing Authority has its own modification on the HUD guidelines so what is true in 1 city may not be true in another. In Indianapolis, the majority of the Inspection regulations coincide with the Marion County Housing Standards. ( I know this because I was involved in the review and modification of the Section 8 standards a few years ago) The difference being the Marion County only inspects based on complaints or noticeable violations and Section 8 (in Indy) does annual inspections. Long term plans along with the Marion County Landlord registration is to implement Occupancy Inspections and those are waived if Section 8 performs the Inspection. I have always seen the annual inspections as positive because the tenants also have to comply with standards and whereas on non-section 8 tenants units the PM may not consider repairing items that are not a major concern at that time. As an investor, I like to keep my properties in top condition, I believe this is we the majority of our tenants in C Class units remain 3 to 5 years with many over 7. The program also forces the Pm to be accountable at a level an Owner will not be able to oversee. However, the paperwork and the time constraints are a very big hassle and anyone who isn't familiar with all the ins and outs will have a problem complying. The good news for the future is that HUD in Washington is working on a more landlord-friendly program. I met with the HUD Section 8 representative in Washinton as a representative for NARPM and I am compiling recommendations for them. Of course, as with all government agencies, the charge will take forever to implement!!

Great information. Is it reasonable in Indianapolis for a property manager that manages Section 8 houses that they should be aware of potential items that would be called out in the initial Section 8 Inspection? Additional, request the owner to repair those items prior to the inspection. Or are inspectors all over the board in their inspections? Does it differ in townships?

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Saint Louis, Missouri

Welcome to Bigger Pockets and investing. My wife and I just recently moved to Fountain Square.

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@Rebecca McDonald I have bought a number of houses with minimal income and decent credit and no money into the deals. If you have experience you can partner with people that have money high income and credit to get your deals done. My partners that I have deal with don’t have the time or experience to get the deals done and I have both. It’s a win win.

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We have done 1031 exchanges a number of times. Each time we closed on 3 properties and each time we were able to satisfy the time line. A couple were rent ready but mostly used the BRRRR method. We typically buy off the MLS or wholesalers.

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All Forum Posts by: Grant Anderson

Grant Anderson has started 41 posts and replied 115 times.

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Post: Section 8 Indianapolis, IN

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