All Forum Posts by: Kris Lou

Hey all!

Wife and I are coming down from Toronto, Canada and we are looking to network with current investors, PM, RE Agents, etc...

I tried finding meet ups in the forum section "Events & Meetups Section" but had no success.

Would love to know of any meetups in Ohio in Jan, Feb or March 2025!

Thanks,

Kris

 Seems high. I thought most were 8-10%?

Hi,

Curious what PM fees are for an out of state investor on 1 duplex?

Thanks.

Hi,

Curious what PM fees are in Indy for an out of state investor with 1 duplex?

Thanks.

Any events planned for January?

 Thank you for the reply Greg, I'll take your advice on the East end. What are your thoughts on section 8?

Hi everyone, my name is Kristian. My wife and I are from Toronto, Canada, and we're excited to start our journey into the Indiana real estate market. We're in the process of liquidating our Ontario portfolio, which consists of four properties. While they cash flow, we've realized we're over-leveraged and want to take a different approach.

Our plan is to purchase our first investment property in Indiana, possibly paying cash, with the goal of generating reliable income. Ideally, we'd like to acquire one or two duplexes that meet the 1% rule and provide us with $1,000–$2,000 USD per month after property management fees and other expenses. This income will help support our dream of moving to Europe in the near future.

We're hoping to connect with an experienced realtor who works with investors and can help us navigate the market. We also need recommendations for a reliable property manager who can handle day-to-day operations.

We’ll be visiting Indiana in January or February to explore neighborhoods, meet professionals, and learn more about the market. If anyone has advice, feedback, or contacts, we'd love to hear from you! Does this plan sound realistic? Are there areas or strategies you’d recommend we explore?

Looking forward to hearing from the group!

Thanks,

Kris

Thank you all for your responses, and apologies for the delayed reply. My wife and I just returned from our honeymoon in the Maldives and Sri Lanka.

I’d like to clarify our goals. We’re planning to move to Europe to start our family, and we’re looking to generate $1,000–$2,000 USD/month in net income (after management fees and other expenses) with these RE investments. This won’t be our sole income but a supplementary one to help support us overseas.  Our focus is on cash-flowing properties, particularly multifamily properties that meet the 1% rule. We’re open to considering Section 8 rentals if they align with our goals.

Our initial plan is to purchase one or two properties outright with cash, although we’re still open to financing options if the right opportunity arises.

We’re planning a 1- to 2-week trip soon to explore Indiana and get a feel for different cities and neighborhoods.

I’d really appreciate your honest feedback. Do you think generating $1,000–$2,000 USD net income per month is a realistic goal?

Thank you,

Kris

Hi,

My wife and I are real estate investors from Canada. Finding good deals here is like finding a needle in a haystack. Everything is stacked against you here. Taxes, tenant laws, prices of properties. It no longer makes sense to buy here.

Anyways, we are in the process of liquidating most of our assets here and our plan is to start buying in Indiana. We plan on doing a trip for a few weeks to get to know Indianapolis more. We have driven through Michigan City, Gary and South Bend. 

Would love to join a community of investors and pick your brains about neighborhoods, things to look out for, contractors, property managers, etc.

If anyone is interested in connecting, please let me know!

Kris