All Forum Posts by: Ryan Rominger

What are red flags you look for when a tenant applies for your property? Besides credit score, income, rental history, criminal history? 

Hello Steven,

I would be clear on what you want and the end result you are trying to achieve. I would analyze the location/market and work with an agent that can help you reach your goals. If I can help in any way, Feel free to DM me.

Hello Joe, 

Welcome to Indianapolis, Indianapolis is a great market with plenty of opportunity and growth. There are properties available within that 30 min radius of IUPUI. Please feel free to reach out if you any questions or would like more information.

-Ryan

@Erik Escalante and  @Jaron Walling

Erik, you're right on the money. When I said "automated" I was only referring to the MLS side of things (I do see how my wording may have been confusing to Jaron though). Off market deals come to me occasionally through other brokers and clients, and I love passing them on to my investors that are looking (those are typically the best deals I am able to find my investor clients, but the MLS can be great too when the market is soft).

Jaron, if you're depending on building a network of wholesalers and writing offers through wholesalers/listing agents rather than having a dedicated buyer's agent helping you and representing your interests on deals then I am affraid you are the one that is at risk of being scammed.

I work with a number of both local and OOS investors and I can say there are usually pros/cons to both. With OOS investors there's usually the obvious advantage of wage-gap between the state they live in (e.g. CA or NY) vs the state they are investing in (interior states), which creates an economic advantage. With local investors I work with, they are able to take a much more hands-on approach, which especially helps during critical decision-points during renovation stages.

I’m a RE broker and Property Manager in Indianapolis and I specialize in helping investors. I’d love to connect and learn more about what your goals are for investing. I'd love to assist you any way I can.

@Salman A. Rai

I have an automated investment duplex search on the Indianapolis MLS that I'd be happy to set you up on.

@Ray Johnson

I’m a California native myself living in Indianapolis. I think I can definitely be a help to you in Indy. I’m a licensed IN realtor and I’m very well acquainted with the Indy urban investment landscape. Let’s connect!

@Sander A Swenson

That’s a great goal to have, and definitely an achievable one if you make the right investments.

Connection request accepted! I look forward to speaking further and learning how we might be able to work together.

@Teho Kim

I'm a property manager and RE broker here in Indy and I've helped several investors find properties where the BRRRR method would work.

It is true that some of the best investment deals go pretty quick in Indianapolis. I just helped an investor go under contract on a duplex yesterday that was on the market for less than a day. I have to say though- where there is competition there is value (and visa-versa) and where there is NOT competition there is usually* NOT value (unless you happen to be a lucky 1st-mover). That’s why it’s important to have a knowledgeable, efficient team on the ground that can help you be faster and smarter than the competition.

Hope this helps! Let me know if you ever what to chat Indy real estate!

Hi @Ray Johnson,

Great question! I'm a California native but I've lived in Indianapolis for the past 4 years as my wife is originally from here. I'm also a property manager and RE broker here in Indy and I've helped several investors find properties where the BRRRR method would work. Indy is a great market for buy and hold investments that will bring strong cash flow.

To answer your question, it’s not secret that IPS (Indianapolis public schools) is... bad (but it’s getting better!) Nevertheless, this has not hindered the gentrification and development of many of Indy’s urban neighborhoods. My opinion is that much of the market force driving this development is coming from young professional without kids that want to live in the city, close to work and bars/restaurants, but aren’t deterred by the rough school system.

Hope this helps! Let me know if you ever what to chat Indy real estate!