All Forum Posts by: Jeff Schechter

We are over 400 doors in Indianapolis now. The combination of low taxes, and landlord-friendly laws is hard to beat. We don't do much in smaller MFH's...mostly SFH's.

Hello @Yuuj V. - great documentation...thank you for that!  I agree with @James Wise that there are things that could have been avoided.  I don't know that much about HU, but It seems that they are not a full-service TurnKey operation.... especially without their own PM company in place.  

Zip codes are not very meaningful in Indianapolis. Things very Street by Street.  You will have to be more specific on location and more specific on price in order to get a good assessment of whether it's a good buy

Disclosure:  I am a partner in a successful TK operation in Indy.  

It's amazing to me how few people will actually take the time to get on an airplane and come see what we're really up to.... Look at properties, drive the neighborhoods, understand the processes.  For an initial purchase, this should be mandatory due diligence.  

Most posters on this thread are taking too strong of a stance on either side of the argument.  @Ed Simmons has it right.  There IS a sweet spot where things can work...and work VERY well.  Assuming you are in that sweet spot, your success will then depend on two things..

1.  The initial condition of the property, and how well it will hold up.

2.  The ability of the PM to manage that property class correctly.  If they're firm on collections, screenings, getting deposits, keeping tenants happy, etc, you WILL make good money.

If there's equity, and a way to pull that out without selling, that could also be a consideration.

I disagree with using assumed appreciation to make up for returns that you could get right now.

By doing this, you're giving up real income, for the promise of MAYBE something later... something that can only be realized upon sale or refi.  

There is a also a time value of money.  We certainly have plenty of inflation.  $100K is worth more RIGHT NOW in spending power, than what it will be worth in 10 years.   We will likely see MORE inflation coming up than less...especially with continued quantitative easing, and the rise of digital currencies.

Overall, it's a bad idea to justify buy/hold returns with potential appreciation.  We are also nearing the end of the appreciation cycle in many markets.  There's no guarantee that things will continue to go up.  We're already seeing some cooling in some markets.

Just my $0.02

Some of the most attractive  Buy and Hold properties in the country are in Indianapolis .  I would encourage you to continue buying  as much as you can in Indy ... especially since you have some familiarity with the market.

Live where you want. Invest where it makes sense.

Shawn is the best. We've sent plenty of investors to him  for cash out refi's, always with good results!

We are at about 400 doors in Indy between us and our investors., Indiana has some very reasonable taxes, very landlord friendly laws, and amazing price-to-rent ratios... That's why we're here. PM me if you want more details