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All Forum Posts by: Michelle T.

Michelle T. has started 28 posts and replied 178 times.

Post: Indy Andy

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

Welcome @Account Closed, I'm on the southside and love to talk REI.

Do you go to any meetups?  CIREIA and INREIA both meet on the 2nd tuesday of the month and you should check out the meetup.com site for Real Estate Investing in Indianapolis organized by Taylor Jennings. There's quite a few BP'ers at those.

Feel free to pm me or perhaps I'll see you around!

Hi Leo!

Sorry to hear things aren't working out so well with your PM. I don't have any experience with RPM but these guys will certainly take care of you and your properties.

https://www.biggerpockets.com/forums/517/topics/22...

@Derek Gendig

Best of luck!

Hi @Christopher Manus

I can see you've already got some great advice from some more seasoned investors than myself but for what it is worth here are my 2 local cents worth.  

I am in Indianapolis and have a HELOC with a big bank. The variable interest rate scared me at first but they showed me over the last 10yrs the rate has not gone above 5%. I am doing the buy rehab rent refi repeat strategy and if all goes accordingly the money should be put back into the HELOC fairly quickly anyway. I have found a local credit union that will refi at 75% ARV and will PM you the details. I found them by doing exactly what Doug suggested above, I got in touch with local investors and asked who they used.

Congratulations on your first success story and good luck with your 2nd!

Post: Indiana Brokers test preperation

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

Just an FYI - I didn't buy any practice test, just reviewed the 300 or so questions that I had to do to complete the course and reread the chapters that were my weak areas.  If you did good in the 90hr course exams you should be good for the real exam.  I did mine with REAL University.

Post: New member from Indianapolis, Indiana

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

Welcome and best of luck to you!   

Post: Investor looking to network

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

Congratulations!

Post: Business Plan Help (buy and hold)

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

There is a one page file in the BP Fileplace if you are looking for something concise.  That is all I use to keep myself on track, remind me of the goal and not get distracted with shiny objects.  I have it laid out with this years goals, 1-3yrs, 3-10yrs.  It also helps communicate with my husband what exactly I am doing with all our money! 

There are also more in depth articles here on BP that cover the details of what to write about. 

http://www.biggerpockets.com/renewsblog/2014/01/23...

http://www.biggerpockets.com/renewsblog/2010/1/26/...

Post: Carl Ghiselli - real estate in Indianapolis, living in London!

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

@Carl Ghiselli

Welcome!  I am in the Indianapolis area with very similar goals as yourself.  I am a full time Landscape Architect and recently got my Brokers license to help with my own investing and perhaps do some additional deals/sales for extra income. 

Happy investing!

Post: Just passed my pre license course!

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

Awesome news! Well done and good luck for the state one, you'll do just fine :)

Post: New member from Indianapolis

Michelle T.Posted
  • Indianapolis, IN
  • Posts 205
  • Votes 74

Pull the trigger!  I think it is fantastic that you want to help people own a home.  Good luck and happy investing!!