All Forum Posts by: Kenny Hall

@Jorge Carrera feel free to shoot me a message and i can share my personal investing experience in Indy. I agree with Mike about multi-family in those areas being slim but there are other good areas you could look at for multi-family. There are opportunities to BRRRR for sure if you know how to run your numbers and have the right team in place. Looking forward to chatting!

@Kristen L Garner welcome! Let me know if you’d like to chat about investing in Indy. I’d be happy to share experience, stories, and connections as you get started and look to build a team in Indy.

What steps are you taking to protect your properties during the freezing temps? Looks like we'll be in the single digits again this weekend and negative wind chill. The wind getting into the crawl spaces and freezing the pipes if it's not properly heated can be costly. 

Ask your PM if they've sent an email to the tenants reminding them of some of the basics: let the faucets drip water to keep water flow running, keep temps around 68-70 in the house and keep it consistent to not overwork the furnace causing it to go out, and keep lower cabinet doors open so heat can easily access the supply pipes. If they'll be going away for a few days or more, tell them to let you know so you can check on the property once or twice while they're away. If there is a crawl space, it's worth inspecting the perimeter of the home for any vents, gaps, cracks in the foundation that would allow air flow - grab some straw and lay it over these gaps to keep the wind from blowing in. If the property has a sink or washer or other water supply line on an exterior wall, it may be worth dropping off a space heater to run in that area during these low temps. 

If you have pipes freeze, it's important to thaw them carefully to mitigate damage. Feel free to reach out, I've got some great contacts/plumbers that can help with this specifically. But you want to figure out where the freeze is in the pipes and warm it slowly working backwards from the faucet opening. Keep your faucets open to allow water to drip out as it thaws instead of keeping the pressure. You can warm supply lines with a hair dryer, warm towel, or space heater if you have easy access to them. Some aren't as easy and might require more attention. If you realize the pipe is burst (usually copper pipes), shut off the water at the street to mitigate any flooding and damage and have a plumber address the issue. 

Overall, make sure your PM is notifying your tenants of some simple steps they can do to mitigate freezing pipes. We've got some single digit temps coming up with negative wind chill - better safe than sorry. Happy to chat about this more if you'd like. 

Shoot me a message @Andrew Smith - happy to make some recommendations.

Hi Akhil! I'd be happy to share my experience with Indy neighborhoods and investments. Shoot me a message if you'd like to chat!

@Jonathan Tao feel free to reach out, I'd be happy to help! 

@Kevin Douglas only the best for you! Appreciate it!

Hi @Jalon Scott! I'd love to help you out and tell you more about what we have to offer. Feel free to shoot me a message. Hope to connect soon!

@Chris Madden COVID is driving up foreclosures and you can position the opportunity as a win/win to the owner. You're keeping them from letting the bank take the property avoiding them a foreclosure on their record with the potential they won't be approved to rent, while you're getting the property for about 70% of value. Hidden costs are anywhere in real estate investing...specifically with foreclosures, just write in a walkthrough contingency. If you're out of state, work with a trusted PM and have them walk it for you before you close. You can put together a rehab plan with the right eyes on the property and know what you're getting into before you own it. Getting some closer eyes on specific properties will help you learn more about what to look for and how much you can ballpark parts of the rehab. Definitely opportunity out there once you know what you're looking for. Best of luck! Let me know if you'd like to talk more about the Indy market. 

@Vasyl Levchenko happy to talk about my experience and knowledge of the Indy market. Feel free to shoot me a message.

@Layton Lassiter hey! We’ve successfully done several BRRRRs in Indy and I’m personally starting one here in the next week. Of course they can be tricky to find but just stick to the numbers, know the market and have a good rehab plan and then just do it. Happy to talk about my experiences if you’d like. Shoot me a message!