All Forum Posts by: John Rankin

I am self-employed and show very little income on my tax returns. But my credit is great and I have sufficient savings. To qualify for loans should I look at deducting less expenses to show more income going forward?

Also would flipping be a good way to supplement income specifically for the purpose of showing more income in the hopes of better qualifying for lending? Any thoughts specific to qualifying for lending when income is low, close to nothing, or irregular would be greatly appreciated.

I would recommend Vue Property Group. Boutique PM that manages around 300 doors but very fair and great communication. Elisha is great!

Hey @Ricardo Campos I think the numbers look pretty good for being conservative. I would worry less about this being the best deal out there and focus more on securing a solid first investment that will propel your investment career moving forward. If it's a good property in a good neighborhood then it should work out in the long run. Also with a newly rehabbed property, your maintenance and capex could be lower. But given the current economic climate it might be harder to find a new tenant or you might see rents drop a little due to the fact that this crisis is impacting a lot of people in the workforce. Best of luck!

Welcome @Caleb L.! I'm also new to investing in Indianapolis but learning a lot every day!

Aloha Allan! If you are interested in BRRRR, @Robert Koncal is having a BRRRR meetup tomorrow evening in town. Probably a great place to get more info and make some contacts! 

https://www.biggerpockets.com/forums/521/topics/801913-out-of-state-brrrr-local-market

Thanks! Was this in one of the podcasts or forums?

Thanks Travis! I met up with Cory and will be lending on one of his deals. Great guy! Will try to make the meetup.

Good to know, thanks @Jon Schoeller!

Just signed up to BP and noticed there is a meetup happening so will plan to join!

Aloha, thought I should take the time to introduce myself to the community as I am new to real-estate investing. The idea of passive income and cashflow is what originally drew me to real-estate investing but I've realized that the Hawaii market may not be the best suited for that. I'm thinking of putting some money behind fix/flip opportunities in the meantime and look forward to connecting with many of you. Mahalo!