All Forum Posts by: Jeb Brilliant

@Joshua Palmer The numbers look pretty good but break that down to a door by door basis. Is it worth less then $100/door? 

Thanks @Owen Dashner and @Mindy Jensen. 

Mindy I generally invest in Indianapolis but was sent this deal so I'm checking it out. Owen says it's a terrible area of town so I'm going to skip it. Though I wish I could fly out to see all the good deals I get sent. 

I also wish there were more deals similar to this in Indy. Prices have continued to rise over the last 2 years in Indy. 

Hope both of you have a good weekend,

Jeb

What do you guys think of Council Bluffs, Iowa? I have the opportunity to buy a 4 unit that the seller claims to be worth $350k and selling it for $121k. Can I run an address by someone who knows the area there? 

 Hi Yaniv I'm just seeing this message this morning. No need to sign up, just show up on Saturday morning. Text me (my contact info is in my profile) if you have any questions the morning of. It's free but in a coffee shop's back room so there's no obligation but it would be nice if you could buy a drink or food to thank them for allowing us to use their space. 

Hi @Whitney Payton, welcome to BP. I think it's a great idea to start with MF but before you get much farther I suggest contacting a bunch of property managers. Before you buy you need to have a PM. I always run my addresses past my PM's. They know the area better then you unless you live there. 

Good luck.

Hi @Yaniv Sigler, 

The first 2 things I consider are if the state is owner friendly or tenant friendly. Second is am I ok with the states real estate tax. 

I'm from Long Beach, Ca and I invest in Indianapolis In. I've done 2 evictions and one took less then 3 weeks and 1 took ~33 days. That's owner friendly to me. 

It helps having someone you know there, I got lucky and have a trusted person/mentor in Indy but I only met them after I started looking at real estate there, it's not like we're life long friends. 

BTW, I see you're from the area, we're having a meet up this Saturday at UnUrban Coffee House in Santa Monica starting at 10am. 

Big thanks @Patrick B.

Hi @Patrick B.,

Thanks for replying. It's in Fountain Square and I need to move a kitchen, add a bathroom, fix the foundation and roof of an add on. Plus painting, floors and all the extras to make it a nice FS flip. 

I am having the hardest time finding 3 GC's in Indianapolis to give me quotes on a rehab. Is there really that much business out there that they don't return phone calls? Bildwise is getting me a quote but I'd like to get 3 total to compare and I can't seem to find GC's that will even consider the job. 

If anybody has any suggestions or is a General Contractor and wants to reach out to me please do. 

And whether I use @Ryan Poske and Bildwise or not I have to say they have been amazing to work with up to this point. 

Hi @Terone Johnson,

My partner and I are using RealtyShares for a hard money loan and they are GREAT to work with. I can't say how long it will take to get the letter but as a whole they've been fantastic.