All Forum Posts by: Ryan Poske

@Justin Hash

Unfortunately, most contractors don't want to inspect or write an estimate if they are competing for the project. It can be difficult to find contractors willing to inspect a house that you don't already own because they feel like they are wasting their time. One option is to offer to pay for the estimate. A fair price for an estimate with pictures, in my opinion, would be around $200. If you think of the time it takes them to drive to the property, thoroughly inspect, take pictures and then write an estimate, they could have 3-4 hours into it. If the contractor gets the job, they should be willing to credit the estimate fee back.

Hi Justin,

A contractor should inspect the property before you place your bid. With that being said, I have been involved or seen many deals that require a signed purchase agreement before they allow an inspection. I am always skeptical and cautious when a seller will not allow an inspection without a signed PA. If that is the situation, make sure there are inspection contingencies in the contract so you can walk away if the numbers do not work. I would also be careful if they require a non-refundable deposit. Make sure the contract contingencies have language that allow you to get your EMD back.

When interviewing contractors you need to make sure they have done investment property rehabs. I recommend asking for a certificate of insurance adding you as an additional insured, a copy of their license, references and I would also do a credit check on the business. You can use Experian to pull business reports. I would also request a portfolio of work they have done.  

Welcome @Trent Jackson . Indianapolis is a strong rental market. Like Cleveland, you can easily hit 1% + in Indy. 

We have many clients that use City Place Property Management. I have personally used them as well and would recommend them to anyone.

@Connie Walker

We have not gone out of business.

Royal Title is good title company

Andres,

I know good wholesalers & contractors in Indy.  Would be willing to meet up with you if you come to Indy.  

I have seen a lot of people having success in Indianapolis.

Hello Eric,

If you decide to look into Indianapolis, Cincinnati, or Charlotte, NC.  I know good wholesalers and great contractors in those markets.  If you need any more specific information - just PM me and I can pass more info along.

PM me and I can give you a person who will know.

Hello Alan,

I'm in Indianapolis.  I know very good contractors and a number of good wholesalers.  I have worked worked with investors from Hawaii before.  If I can give you more info or help in any way, please PM me.

Thanks! Dan