All Forum Posts by: Louise A.

@Benjamin C.

The 2% cap is in the state constitution as of 2010.  I have no concerns that they're going to push that higher as all the homeowners in the state would revolt.  The two things to watch out for are the owner occupied vs. investment question that has already been addressed, and the purchase price vs. the assessed value.  If you're buying a property for twice as much as the current assessed value, I would assume that at some point the purchase price is going to catch up to you.  It might take a year or two, but at some point, you're going to be assessed at a market value on that property.   

@Michael Grant

These guys came to a CIREIA meeting and I interviewed with them.  I'm not working with them, but if you want to pay off your mortgages quickly, that's their focus:

http://freecashflowed.com/vip/

@Igor S.

Are you looking at Spy Run?  I've looked closely at the property.  PM if you want to discuss further.  

@Leon Greene

The issue I ran up against with the LLC is that you can't get 30 year fixed rate money. If your cash flow is good enough that you can live with commercial loans, then its fine to buy with the LLC, but when you're starting out and planning to use financing, I would do everything outside the LLC and then flip into it when your financing is in place. A large insurance umbrella policy should cover you until you flip to the LLC. Just my personal take, others only buy within LLCs.

@Hernan Vergara

Hey!  There's an INREIA meeting this Tuesday also that would be good.  If you're just looking to invest, you definitely don't need your license.  There are benefits and drawbacks to holding a license as an investor.  Hope to meet you on Tuesday!  

@Jennifer Nguyen

I buy multi-family here in Indy.  As long as location is solid, multi-family is good.  

@Dustin Budny

It will be great to meet you!  I think we network from 6-6:30 and then the meeting starts at 6:30.  See you soon!  

@CJ Sanders

Hey!  I have rental properties in Indy and have been doing well, but mostly because I was buying during the recession.  The market is hot right now.  You can still cash flow, but its tight.  Better if you're willing to rehab.  I would use this site:

http://www.trulia.com/local/irvington-indianapolis...

Generally I stay away from anything dark green.  There are some good blocks in dark green areas, but for an out of towner, you should be cautious on location.  Let me know if there are specific areas you're considering.  

@Account Closed

Is there a sleeper area due north of downtown?  If there is I wish I could find it.  The market downtown is too hot for me!  

@Dustin Budny

Come to an INREIA meeting.  Next one is July 12.  It would be great to meet you!