All Forum Posts by: Rodney Kuhl

@Gabe G. Very nice deal by the looks of it! Congrats!

@Anna Shaver Thanks for the tip on neighborhoodscout.com!

@Dev Horn Thanks for sharing that! That can be very useful.

@Bill Exeter Did not know that about the 3 year window. Thanks for putting that out there!

I think any of the options you laid out are good. I'd say it depends on the market you are in and how far that money will go in those markets. Is your goal to get higher returns or increased cash flow? Higher returns would lead to leveraging several properties, whereas if you are just looking for more cash flow, buying properties with cash may work better. Just my 2 cents.

@Jeff O. Ha, sorry about that! I'll be there again next month, so I'll see you then if not before.

I don't root for the stock market to go down. But I definitely pay less attention to it nowadays. I will say, days like today when the market is free falling doesn't affect me much anymore..... I still collect a rent check every month whether it goes up or down.

@Justin Owens I stay away from the 42nd and Post and 38th and Post areas. That is one of the highest crime areas in the city, as shown by a recent news report by Fox 59 (link below):

http://fox59.com/2014/10/09/public-safety-official... 

I'm excited about the Emerson Heights property. Purchase price is $39k. It's a 3 bed, 2 bath, 2000 sq ft house. Expecting rent to be $700-$750/mo at least.

@Account Closed I just put down earnest money today on my 2nd rental property. This one is in the Emerson Heights neighborhood. There are various neighborhoods closer to downtown where you can achieve both good cash flow and appreciation. This one won't necessarily appreciate super quickly, but I got it at a price I was comfortable with where I should be walking into a good chunk of equity right away.

I agree better schools can help, but that isn't totally necessary in some areas. For example, Fountain Square is in an area where the schools aren't the best, but the average tenant in that area will be a young professional, either without kids or with very young kids who wouldn't be in school yet anyways. Obviously not all of the tenants would fit this category, but a lot of them. Schools wouldn't be a big concern in this case.

@Dave Olverson No specific time frame. I'm sure they could appreciate some, but Indy in general doesn't see much appreciation, except for in a few areas. That doesn't mean it's a bad area to invest in, as Lawrence properties can cash flow very well. But most of the houses in a lot of Lawrence areas (at least where my property is located) are older cookie cutter homes, which just aren't going to go up in value much as there are ample supply of similar homes.

I have a rental in Lawrence that cash flows very well. You can find plenty of cash dole properties in Lawrence, and some areas (like much of the city) are just fine. Just know that in Lawrence, you won't see much appreciation for resale down te road. I'd you paid $50k for it now, that's probably about what you can sell it for later. Solid rental area though if you ask me.