All Forum Posts by: Pam Brown
Pam Brown has started 6 posts and replied 124 times.
Post: Does a Realtor Need To Provide Requested Documentation To Buyer Before Contracting?
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Quote from @Chris H.:
Are Realtors required to provide requested documentation, such as receipts for recent repairs, to buyers before the property is under contract? I have an agent who is refusing to send receipts for repairs that have been recently done on the property until the property is under contract.
Thank you so much for your help!
Yes, I told Chris that the sellers do not have to give this information. But it can be asked for in the terms of the offer to be submitted after the offer is accepted. And that many times a seller may not even be able to get their hands on receipts. Nor want to put in the effort to do so.
I have been successful on quite a few occasions to get these documents---IF the seller had recently made major improvements such as a new roof or HVAC so the buyer would have it for the warranty info.
Other than that---have never asked for anything minor.
Post: Does a Realtor Need To Provide Requested Documentation To Buyer Before Contracting?
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Quote from @Chris H.:
Thank you @Pam Brown! I appreciate your help!
You're welcome. I sent you a DM too with more details.
Post: What's the #1 factor you consider when looking for buy-and-hold properties?
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Like others said---there are quite a lot of factors to consider.
The reason that I voted on Location/Market is because it effects all of the other items on the list. Appreciation will be slow to none if it's in a low-graded area. The wait for appreciation may be a long one. Cash flow is effected a lot by the location because of higher vacancy rates, more crime risks and more needed repairs at each Turn. Killing the cash flow numbers.
Post: Does a Realtor Need To Provide Requested Documentation To Buyer Before Contracting?
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Hi Chris. I'm a RE Broker in Indiana. It is not typical for an agent to supply these things to a buyer until the property is under contract. Same for leases and ledgers. Those are not supplied until the offer has been accepted. Good luck :-)
Post: Potential markets that would be good for medium term appreciation
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Hey Gaurav
I would be glad to tell you about the Indianapolis real estate market. There are a lot of favorable investment options here. Good cost of living. Plenty of renters for long and short term
STRs are getting more and more popular in Indy. There are a LOT of Conventions that make Indy their destination! LARGE Conventions. Projected 30 Million visitors for 2023. See below for a sampling of the convention traffic in Indianapolis
2023- NRA 75k attendees. FFA (Future Farmers of America) 60k attendees. Gen Con 50k. FDIC (Fire and Rescue from across the world) 30k+. Just to name just a few
Indianapolis is a big sports city. The NFL Scouting Combine in 2023 and 2024. Big10 Football Championship in 2023. USA Olympic Swimming Trials in 2024.
And the world famous Indianapolis Motor Speedway brings thousands of fans here
Just send me a DM and we can connect soon about any of your questions.
Post: What accounting software do you prefer? Not QuickBooks for this situation, please.
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Hello! It's the TAXING time of the year! And starting 2023 off and running
Asking for your opinions about your favorite (or least favorite) accounting software programs other than QuickBooks. This has been a common topic between other RE Brokers and my investor clients.
This particular "survey" is aimed for a small scale operation of properties (less than 10) with no need for Invoicing, Inventory Control, Project Management, Payroll or additional users. Quickbooks has proven to be overkill for most of these smaller businesses that don't need a lot of options.
Seeking your reviews for a good tracking system that includes income/expenses for a few separate properties. And 1099 income for the single LLC.
Thanks in advance and have a prosperous 2023!
Post: Indianapolis Local Boots on the Ground
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Quote from @Drew Sygit:
Why pics when every cell phone can take video and you can narrate the video like your client is walking the property with you?
You can send the video to client via Dropbox, OneDrive, Google Drive, etc.
I also agree with Aaron that it is nice to be able to send pics. Pics can show any specific defects, close-up details, dates on mechanicals etc--- that sometimes aren't quite as easy to see in a video. Then I send to my clients with a Dropbox link, like you said... :-) And pics can easily be enlarged.
Post: Anyone doing or wanting to do out of state investing?
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Hey Sequoia
I'm an investment real estate broker in Indianapolis. I'd be glad to help with any questions that you have about the market here. Just send me a message--or all of my contact info is on my Profile. Thanks!
Post: New Member Introduction & Networking
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Hey Tyrone! Welcome.
I'd be happy to talk over the Indy RE market with you.
Just send me a message when you're free this week.
Post: Regions with reliable and affordable contractors?
- Real Estate Agent
- Indianapolis IN
- Posts 139
- Votes 63
Hi Ron
I'm a real estate broker in Indianapolis. We have a full property management team and a list of approved, licensed vendors. Just send me a message and we can connect and talk over the market here.