All Forum Posts by: Prashant Sharma

So I'm looking to purchase a property in Indianapolis, and wondering if a real estate attorney is not required to close in Indiana and just the title closing company is enough? 

Do you use attorneys for all your real estate purchases in Indiana? If so, could you please recommend someone you may have worked with?

Thanks

Hello BP members!

Need some help with a referral for a property inspector.

I'm soon going to be needing a property inspector in Indianapolis for a multi family. If someone has any good referrals for an inspector that is willing to work with out of state investor (with me not being present at the inspection) and hopefully take pics/videos in the process, I'd really appreciate that.

Thanks!

Prashant

Hello BP community,

All of you experienced investors who own duplexes tri and quads, are you getting conventional financing (30 yr fixed) for your investments? If so do you form an llc and get the bank to finance an llc investment? I have been told no to an llc financing by a few non commercial mortgage brokers. 

So what is the strategy there to protect your assets? Or are there companies out there financing conventional loans for llc that I have not come across?

 Thanks! I have moved on from this deal and also started exploring mid west where cash flow deals seem to still exist, although I would have loved to invest in Orlando.

All great feedback and thanks everyone.

I will probably move on since it seems like better returns can be had with the down payment that it will take. @Nathan Platter - yes, that does look like a measly return (online savings gives you 1.5% these days). I'm not able to find better return listings on Realtor.com or Zillow.

@Franklin Romine - Rents are at market rate, making tenants pay for something that they are not used to might be tough, cheaper PM - yes, but I have read here on BP that cheaper PM will make more money off you in other ways. So not sure about that, but definitely that is an option to explore.

@Jay 

@Jay Chopra - would love to connect and see what can be done locally. 

Thanks!

Hello BP members,

I'm new to investing (although late to the game, sat out of the market and watch go up past 5-7 years). After having gone through quite a few podcasts, blogs, posts, etc.. I have decided that I'm ready to pull the trigger. 

So, need some help with my math: open to your expert feedback:

I'm looking at a 4 unit property on Orlando, FL near downtown (Lake Eola heights). Property is wood frame (I have heard of termite issues in Florida to be common in wood frame houses?)

Does this deal make sense numbers wise or even for the neighborhood? Anything major that I'm missing?

Thanks!