All Forum Posts by: Rohan J.

I really only have interest in 3 markets: Indianapolis, KC, and Jacksnville .

With regards to KC, I'm getting absolutely crushed on all of my bids. The market is just too insane, and it gets depressing missing out on property after property. As an out-of-stater who doesn't want to purchase in a super-rushed manner, it's time to wave the white flag in KC and move on, lol.

With regards to Florida or Indy, I'm still a little undecided. I could probably go either way, but I do like the job growth and rental numbers I'm seeing in Indy. Seems like there is enough opportunity to grow a large, high-performing portfolio in the near term.

Hi BP,

I'm a small-time investor that has primarily focused on single families & multis in the Midwest. Next month I am trying to take the leap and purchase my first 8-16 unit apartment complex in Indiana for $500k-800k. 

Right now I only have 1 single family in NW Indiana, so my experience with the area is very limited. I wanted to ask all the Indiana folks what zips or sub-districts are you excited about, and why? Also, any links or resources to areas with strong job growth / commercial development in Indianapolis?

[I usually stick to C+ / B- / B neighborhoods, and I'm starting to realize that my B neighborhoods (that look worse on paper) are actually performing better and giving me much less headaches than my C/C+ neighborhoods. For that reason alone I want to stick to B-/B areas, as I want really little headaches with this purchase. I usually aim for 10% caps, but definitely willing to drop if appropriate. Thank you so much for any help in advance!]

Do you have any links or sites to where you find accurate info on job / economic / commercial growth development? I'm aiming to buy a commercial property in Indy soon and definitely need to understand the market better first.

interested as well. following!

thanks guys. looks like i need to do a bit more research before accepting the funds. 

I have a PML that is willing to give 100k at 9% with no points, 12 month terms, and I'm not sure if I want to use it. I typically do conventional loans for buy and holds in Kansas City, so this is new for me. My big concern is not being able to refinance in one year. I don't think buy and holds are great for PML, but I might be off here. Was curious on what the BP community would do to optimize the funds here? I'm not opposed to flipping, but would probably prefer something closer to a BRRRR strategy.. as I want to hold onto the units. Just not sure how to make the most out of this money.

Lee Ripma are you primarily getting your deals off market or through MLS? KC market is so hot right now.. everything good getting snatched within hours :( lol Im thinking of shifting my focus solely onto the other few markets I'm in

Any thoughts on where to post outside of Craigslist/zillow etc for C properties (renting for like 600 for 2b 1b units)? Btw if you wholesale you can PM me - I stick to C+ or better areas. KC market is on fire though , so I'm more willing to pick up ones that need rehab (just no foundation issues).

What areas/zips are most of these jobs located at?

Hey BP - I'm thinking of switching from my current background check provider because they don't provide a super thorough analysis of the renter.

Question for you guys:

Whose your favorite background check service? Do they do Income & Eviction checks too?