All Forum Posts by: Pam Brown

Hey Nate, and welcome!  I'm a RE Broker in Indiana.  Just reach out anytime that you would like to learn more about the market here.  Best of luck and happy investing

Quote from @Charles Sandwell:

Hello, I am Charles Sandwell retired Air Force of 24 years, tired of working for companies that only care about the bottom line. So, I quit my job I had for 5 years and going to look at my first rental property today. I am also going to start a lawn care business so I can work for myself. 

 Hi Charles and welcome to BP. Thanks for your 24 years of service.  That is awesome.

I'm a real estate broker in Indy and have been for about 20 years.  I learned "real estate 101" from the ground up--buying my own rentals even before I got my RE license.

I'll also send you a DM with all of my contact info.

Best of luck!

Interested to know if you got the property leased yet for $1300. 2/1 or 3/1? Or....

Good job on getting the seller to throw in a new roof!

Hocker Law, Indianapolis.  I've used them for over 25 years.  They cover all real estate law and have a great title company.

You would probably love to join CIREIA.  Central Indiana Real Estate Investors Association.  https://cireia.club/  Check out their website and see what they have to offer.

They have monthly meetings and other sessions/Meet-ups.  It's a great networking group!

Why the heck do people do this?--It's simply that they aren't being respectful---and yes, they don't have to pay the bills. Grrrrrr....

Quote from @Han Oo:

Hi all BP members,

I would like to ask your guidance or your opinion about the below situation. I am very new to REI and I am reading Brandon's books and BP forums.

Currently, I have my primary residence with VA loan located in Norfolk, VA. So, in order to buy investment property, what should I use? Should I use my personal name or should I set up the business and use the business name?

What kind of entity will be suitable to get the financing? I am thinking of getting bank/mortgage loan. My credit is not very good and it is about 660 due to hard pull, low credit history and recent late payment for macy's credit card (only $35 damn!). I am trying to build up my credit now. 

My ideal plan is to do with BRRRR in hampton road area and I am planning to get start the process next year.

Thank you in advance. Have a great day.

V/r

Han

 Interested to know if how you did work your deals?  Oddly this post was on the side of my "Similar Posts You May Like" yet it was a few years old!

Hello Han. I work with investment properties in Indiana. All of my clients that have wanted to get a mortgage loan on an investment property have had to do it in their personal name and not an LLC.

That being said---later on, some of them have deeded it over to the LLC that they set up.

Real estate brokers cannot give legal advice.  This is just what I have experienced in quite a few of investment transactions.

You may want to start a list of questions for a mortgage broker and/or a real estate attorney.

Good job for planning in advance rather than back-tracking later!  :-)

Quote from @Craig Yoho:

I am currently a College Baseball player for Indiana University and will be graduating this spring. Post graduation I plan on playing professional baseball and investing into real estate. However, because of my unique scenario I don't know which route would be best for me to break into this industry. With that being said I would love to talk with someone who has experience in investing in Texas and picking their brain about potential steps I should take. 

Hi Craig. I've been a real estate Broker in Indianapolis for a long time. I know that TX is more pricey than Indy. But I am not familiar with the availability/price range there for investment properties vs here. Maybe they also have good deals...
You could always consider buying in the Indianapolis area instead of TX. Unless you plan on House Hacking when you move. 
About 90% of my clients don't live in Indy! That's just how much investors know that Indy is still one of the best affordable markets.
I'd be glad to talk over this market with you. All of my contact info is on my Profile.  Best of luck with your move if we don't connect!

Hey James!  I would be glad to talk over the Indiana markets with you.  Just reach out when you're free.  Thanks