All Forum Posts by: John Salcedo

This is a switch from all the Ohio posts. Ohio agents are hitting hard on all my California investors and I posed a question for them. I'm just laughing so hard right now - I needed that after crying about my real estate journey so far.

I’m also looking to invest in Indianapolis and Ohio markets. If you have your core 4 it’s not as risky. looking to make more connections.

0 Votes

Indianapolis, Indiana

Quote from @Becca F.:

Quote from @Tyler Lingle:

Yes, that is the only way to cash flow there due to the high price to rent ratio. A typical home will cost $300,000 and rent for $2500, which with taxes, insurance, maintenance, capex, management will not cash flow. You would just own that for the appreciation & equity growth (not necessarily a bad thing). However, you may want to consider some decent urban markets that area nice enough and cash flow or some tertiary markets like Lebanon, Kokomo, and even Anderson where cash flow is more achievable!

I completely agree with the appreciation and equity growth. I flew out to Indy in May 2024 and drove around Carmel, Westfield, and Noblesville. I couldn't believe the number of new apartment complexes going up - some of those luxury Carmel apartments are almost approaching California rents, did a tour of one of them. It was like a resort! I have friends in Carmel and talk to them weekly - I know that a lot of Indy residents make fun of Carmel but I really like the north side.

I'm of the opinion that it's better to own fewer high quality properties that appreciate more than lots of cheaper properties. If I knew what I knew in 2018, I would have bought another property in Hamilton County... I also missed the ship with the Austin appreciation lol

@Becca F. are you still investing in Indy? I’ve been searching for properties there for a few months Got a few duplexes under contract but then the GC gave me estimates for a lot more than I had expected and I didn’t move forward

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Indianapolis, Indiana

Hey Robert. Do you own any multi family or Single Family properties? I’m also in South Fl.

1 Vote

Miami, Florida

You have a great attitude keep it going.

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Columbus, Georgia

Quote from @Cavan Mitchell:

I'm currently visiting Columbus and visiting a business partner. I'm interested to find a duplex to fourplex to brrr.

If anyone wants to partner up to get into some larger multi-family units, let me know.

Hey Cavan. I’m an out of state investor with a couple of properties in Ohio. Let’s connect.

1 Vote

Columbus, Ohio

I’m an investor with capital and was presented a potential deal to purchase an off market 83 unit self storage facility. Who can I reach out to to analyze the data?

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Would you consider this a BRRRR? It might just be a value add long term rental.

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Nick. I’m investing in Columbus and am NOT a realtor. Happy to exchange info one investor to another.

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Curious to know how the BRRRR strategy is working in Indianapolis currently. Are investors able to pull all of their money out? What are some typical rehab pitfalls with the 1920 buildings?

Thanks

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Indianapolis, Indiana

Seems like posting on BP is a great way to find Hard and Private Money Lenders. Social media is great too and any other networking group.

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All Forum Posts by: John Salcedo

John Salcedo has started 10 posts and replied 46 times.

Post: How to Start With Real Estate Investing in Indianapolis

Post: OOS Investing in Indy

Post: Investor Meetups/Masterminds South Florida

Post: 6 Units Ad Value Deal with Private Lender

Post: Columbus, OH - Building a team

Post: Need help analyzing self storage deal

Post: My first BRRRR, almost done! Just rented it!

Post: Columbus, Cleveland and Cincinnati OH - Out of state investor looking to build team.

Post: Out of State Investors wanting to connect with locals in Indianapolis

Post: finding private money