All Forum Posts by: Louise A.

@Conrad Metzenberg

Do you have a HELOC set up to tap that equity? It would be nice to have that set up in advance of a real estate crash or a drying up of money from the banks. Huntington will lend 95% LTV on owner occupied property at the moment. You might still get a haircut if things get really bad, but at least you'd be ready to jump on the deals if they appear. I'm in Indy and invest here, but a lot of out of town investors get burned in my area. Don't believe everything that the brokers tell you! Good luck....

@Alvin Pereira

Second vote for Jynell.  She has done a few great purchase agreements contracts for me.  

@Michael Gatti

Demo the dropped ceiling!  Everybody hates those....  I like that vintage tile.  

@Jason Jastillana

Welcome to BP!  I'm a multi family investor here in Indy.  Let me know if there's anything I can do to help you get started...  

@Eric Parks

I'll be at both meetings too.  Looking forward to meeting you.  I think the best thing you can do is try to meet as many people as possible.  The more people you know the faster you can get to where you want to get to!  

I'm a multi-family investor here in Indy.  PM me if you have any questions!

@Mark Murray

Yay for house hacking!  My husband and I are hacking and loving it.  I've never heard the rule about single family vs. multi.  As long as you've got up to 4 units, you can use residential mortgages.  I would also agree that only one of the spouses has to live in the home, but maybe that person would also have to be on the deed?  

Real estate agents are a great resource, but they often aren't very educated about investing.  Make sure to post any questions here so that BPers can help.  PM me if you have questions and good luck!  

@Tomer Kamil

I buy multi-families in Indy and I vote for 1907 Carrollton!  If you can wait for a few years, it's likely that there will be serious growth there.  I don't think you'll get any growth on the other two addresses.  PM me if you have questions about specific properties.  Good luck!

@Sam Epperson

I'll keep my ears to the ground!  In the meantime, maybe connect with people on BP and see who wants to engage with you.  You never know who you'll meet!  

@Sam Epperson

Hey!  Welcome to BP and investing!  I'm a buy and hold investor in Indy and am not doing any wholesaling, but I think that your strategy will work really well.  Find someone in Bloomington who is reputable and doing deals and offer to help them free of charge.  It sounds like you're a smart and organized person and could be of use to someone in their business.  The real estate people I know in Indiana are very generous with their knowledge and time if you are serious, which it sounds like you are!   Good luck...  

@Shawn Holsapple - Nothing wrong with the slow and steady strategy!  

@Cristian Castro - I used a HELOC on a condo to buy my first rental property. Excellent strategy. Huntington is great for owner occupied HELOCS. I'm also using First Financial for HELOCS on rental properties owned free and clear.

Are you coming to the REIAs in town?  Talking to other investors is a great help!