All Forum Posts by: Nicholas Krieg

Here is my situation:

I currently rent my apartment, but am looking to purchase a primary residence as soon as one I like comes around. I’m also wanting to buy my first rental property and believe I have found one I’d like to place an offer on. I have the cash for the down payments. But not sure if I bought the rental property first if it’d effect being able to buy a primary residence? I’m in north-central Indiana if that matters. Any advice is appreciated, I can provide more details of my financials if needed.

@David Kelly I have a 750 credit score with an average 9-5 income for my area. I am searching for doable options besides a conventional with 20% down. With multi-family being very scarce in the area I’m able to live in (due to 9-5) it’s tough to go that route as well.

@Robert Molloy

I’d love to house hack but haven’t came across any properties within a reasonable distance of where I live now to make this possible. Due to my current 9-5 i cant extend my range TOO much.

@Stephen DeThample

I’m more than willing to house hack, but the multi-family availability in my area is VERY scarce. (1 unit in all of my ideal county!)

I have found my first prospective property I am going to look at Saturday morning. I’d like to show up with a set of quality questions prepared so I don’t get caught up in looking at the property and forget anything. Any recommendations on must-ask questions for my first single family rental property? Thanks in advance!

Just a few details...

2bed/1bath

2 year old roof

2 year old windows

Gas forced furnace / baseboard heating (upstairs)

Window A/C

I am just getting the ball rolling in Indiana. My goal is to have acquire my first property by May and hopefully a 2nd before the end of the year. (Wabash and surrounding to be specific). As I am analyzing deals daily and doing plenty of shopping, I've realized I need lending. I listen to the BP podcast religiously, and have heard "investing with little to no money down" multiple times. However, I'm having a hard time not getting lost in finding a lender or losing sight of the strategy more less. I can easily find multi-family properties less than 100k and SFH for 20~75k. However, for someone that doesn't have a boat load of cash to throw down, I get confused on where I can find financing that will fit my situation. Any advice is very welcomed. Indiana or not.

@Jameson Drew Hey! 2 years later and I’m searching the forums and come across your comment. I would love to pick your brain in investing in Muncie and in general. My goal is to have my first property closed by May 2021. Any advice is welcome and any way I can help you is also welcomed. I am a lifetime resident of indiana and eager to make money work for me 👍🏼

@Kevin Schick

I am new to real estate investing. Born and raised in Central Indiana. (Wabash to be exact) I am frequent to Huntington and Anderson is less than an hour from my home. Would be willing to help any way I can. I am home to be a partner but am getting caught up with confidently knowing I am choosing the right strategies. Feel free to reach out.