All Forum Posts by: Jared Lichtin

That's great man.  BP = the place to be! I was fairly new in 2012 and now I have flipped a handful of properties, while working a full time job.

@Mark Smiley, I actually do equity partnershpis with friends.. When I have big deals and I am strapped for cash, they loan me a couple thousand with a good interest rate, or a percentage of the deal. Is there anyone you know with an IRA that would like to get a better ROI than in the stock market? If you guarantee them a 10 or 12% return, that is almost always more attractive for a 6 month timeline, even if they are loaning you 5 or 10k. Also, if you network with other local investors, they almost always have cash they would like to use to be an equity partner in a deal, especially if you use workers that they are comfortable with. Hope this helps.

yes, definitely network with other investors.  even if you are newer, they can usually point you to better lenders who are more professional, quicker, and have better rates.  

@Eric DeVito I wouldn't rule out Pittsburgh.. Working in oil & gas, I can say that they have an amazing rental market.. I guess you'd have to contact an agent to know which specific areas.  I was always down in Washington.  I wouldn't look down there, but closer to downtown Pittsburgh the prices are crazy high right now!

I agree with others, make sure your listing price is right.  If it is your primary residence, it is all about your current financial situation.  I would contact more than one agent and get their opinion, especially on your specific subdivision.  The appreciation would be nice, though.  Again, I would say the main thing is depending on how much money you have in it, and (also) how much of a hassle it would be to rent out.. that is, if you're moving out of state.

Wow, that's a great place.  Did you end up wholesaling this to another investor?

@Ronald Hunt, what sort of homes are you looking for? Do you typically deal in just Indianapolis?  I have a buddy that is looking for a place in Bloomington, and I was trying to explain what the options would be for either renting or live in flip type situation, but I wasn't exactly sure what the market was like over there.  

An agent shouldn't be saying things like that.. I'm sure there are deals somewhere.  There's always deals out there for agents who are aggressive and smart enough to find it.  I would try to find another agent, who is maybe more used to dealing with investors.  Or, possibly look at a closer community within 30-60 minutes of you with more people, or a better housing market.

Congrats, man!  Yea, I would love to see some pics.

Awesome stuff, man.. Keep it up!!