All Forum Posts by: Nick Giulioni
Nick Giulioni has started 14 posts and replied 1145 times.
Post: Flipping in Indianapolis?
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Originally posted by @Jason Powell:
@Nick Giulioni I actually have not seen the show, but I'm watching now. Thank you.
It’s definitely an interesting one. Hit me up if you need help.
Post: Inheriting a Tenant Question
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Originally posted by @Anthony Sgro:
I currently have an offer accepted on a duplex in the Indianapolis neighborhood. One side (2 bed, 1 bath) will be rehabbed and rendered out upon purchase, while the other (3 bed, 2 bath) currently has a tenant from the previous owner.
The tenant has been in the property for multiple years and seems to keep the property in good condition. They pay well below market value for rent, due to being related to the previous owner. Their current lease ends in December and they are on the fence with resigning for a higher price or moving.
Initially, I want to gauge their interest by meeting in the middle and offering them a slightly high rate, while extending their lease until the springtime. This will allow me to find a tenant for full market value in the spring, in addition to giving the current tenants a better time to find a new place (if that’s what they choose).
Any thoughts on this situation?
Vacancy and turn costs are far and away your biggest expenses (mortgage aside). If you have someone paying and taking care of the property, I like to leave them in there (assuming it cash flows).
Post: Looking for contractor for kitchen construction Indianapolis
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Hit me up. Have a couple recommendations for you.
Post: Indianapolis Employment Growth - Salesforce.com
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
I have primarily stayed inside the loop in B class areas. I had a bunch of C that perform better on paper than in real life. I really like Irvington moving forward.
Feel free to hit me up and we can schedule time to chat about it!
Post: What is lowest mortgage rate banks in Indiana are offering ?
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
I've seen 3.25 for non owner occ.
Post: Indianapolis Employment Growth - Salesforce.com
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Didn't read the thread back then but got into the market 3 years ago. So far no complaints!
Post: Flipping in Indianapolis?
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Do you watch Good Bones? Follow those girls and you can't go wrong.
Post: Estate Planning Attorney Indianapolis
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
I have used Jynell Berkshire
Post: Existing Tenant Terminating Lease vs Signing with New Landlord
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
Hey - consult your lawyer - but I believe yes. You are the owner of the property.
Post: Indianapolis contractors for gut
- Rental Property Investor
- Carmel, IN
- Posts 1,207
- Votes 599
I have some recommendations. Feel free to reach out.