All Forum Posts by: John Rankin

Hi Kevin, I know how you feel! I just started investing in Indy from last year and now have 2 deals using the BRRRR strategy. Let me know if you ever want to chat.

I currently invest out of state in Indiana. Would it be better to create an LLC in Indiana or my home state? Or should I create an LLC in Nevada for example where I hear has great protection? What if I end up investing in multiple states, do I need an LLC for each business in each state? What is my best option and why?

Hi Andrew, I just started investing in Indy earlier this year and have two properties now. I know what it feels like to get started. Let me know if I can answer any questions!

Welcome Patrick! I just started investing in Indianapolis earlier this year. Let me know if I can be of help.

Hi Russell, I started in investing in Indianapolis earlier this year and have 2 properties now. I'd be happy to share my experience. Let me know if I can ever be of help!

 Many reasons- job growth, job diversity, population growth, low cost to entry, cash flow amongst other reasons. Feel free to PM me if I can provide further insight. 

@Christy Brinkruff I just started investing in Indy earlier this year. I would say time is money and there are so many variables that go into a successful flip. It sounds like you are experiencing some of those things and if you get a little money now to exit this project and move onto the next, that might be your best option. Yes there are advantages to flipping or keeping as a rental but sounds like that's no guarantee on this one. There is always another great deal just around the corner. 

Welcome Christian! I started investing in Indy from out of state earlier this year. Have 2 doors under my belt now. Let me know if you ever want to chat or if I can help in your journey!

I've been investing in the near eastside. Hitting the 1% rule on turn-key properties can be a little difficult. That's why I like finding homes that need some work, using the BRRRR strategy and forcing appreciation. If you are using zillow I would focus on a neighborhood and really analyze and understand what the rents and ARV's are in that area. Then look for listings in that area that are lower than the price of a rehabbed home, factor in rehab costs and it shouldn't be too difficult to find something that will meet the 1% rule.

Jaylen, your numbers look pretty accurate. I run my numbers conservative and find it hard to cashflow if you are not meeting the 1% rule like in your example. I try to hit at least the 1.2% rule. Good luck!