All Forum Posts by: Edward Rhoads

Huntington is good on HELOCS also.

I have one renter that pays via paypal.  If the money is in their account and taken from a checking account then I don't get charged a fee so it works pretty well.

The marion county one is the 20th and 21st so pretty soon.  They have about 3800 of them.  If they redeem in first 6 months you get 10% of opening bid + 5% of the overbid.  6-12 months the opening bid you get 15%.  After 12 month get the property.  Hope that helps.  You can find the list on the Marion County website (treasurer)

Ok. If you are not looking at cash flow then you are wanting to fix and flip and do it as quick as you can so appreciation will not be an issue. It will be if you can find a property for 70% of ARV.

Sadly that is tougher to do in areas that are hot as there tend to be speculators who count on the appreciation.

I recommend going to the INREIA and the CIREIA meetings to network and find all the good wholesalers.

Here is the thing to consider....

Appreciation is not enough.

What will you be doing with these houses?  if you are doing fix and flips appreciation is worthless for the most part.  Might get you a few percent but it is not what you are wanting to count on.

Appreciation is only good for rentals that you want to hold onto for 5-10 years.

However, then you have to consider rents.  In most of those cities the ratio of rent to property value is not great.  In cities where the rents are great (like my Indianapolis) the appreciation is low.

So, what you want really depends on your end game.

@Josh Domingo If you are investing in Indy makes sure you get on the list of some of our really good wholesalers like Brett Snodgrass.

Was a hobbiest doing 1 deal a year.  In april went full business and have completed 6 deals since May plus have 2 more deals in the pipeline.  Of those 8 three will be buy and holds until my renters move out then I sell them.  The other 5 will hopefully get flipped.

For 2017 I am hoping to do 15-20 and 30-35 by 2018.

With 100k properties usually they are in pretty decent HOAs and the HOA fees are not too bad. Should not be a concern especially ones that have pools, ect.

@Kevin Farrell What is your advice about mice?  I have a duplex that seems to have a pretty big problem with them.