All Forum Posts by: Taylor Jennings

Hahaha Blake Anderson wins.

That was good =)

Did somebody say Indianapolis? Brandon Turner

Hey Seth Hensinger,

Welcome to BP! You've started in the right direction =)

The quickest way to jump start your REI is by wholesaling/bird dogging.

Investors are always looking for new deals and you can generate quite a bit of money doing it.

I admire your ambition!

You can find properties for less than $20k pretty easily in the Indy market. If you can accurately estimate the repairs and get the house under contract for a good price, leaving plenty of profit for the fix and holders, then you can easily make $2k-$10k depending on the deal.

That would get you headed in the right direction!

I'm sure Brandon Turner will suggest you go to: http://www.biggerpockets.com/real-estate-investing
to get started.

Hey Brian Humphrey welcome to BP!

What area of Indy do you live?

I love hearing that you made the decision to start investing to seek out financial freedom. My wife and I are local Indy investors and have decided to take the same path =)

Ha Brandon Turner 27 is a youngin? Does that go away at 30?

Mark Elder welcome to BP! It seems like Hoosiers are increasing in population daily =) Can't complain with that!

The one piece of advice I can give you is don't go spend that money on a mentorship program!

BP is a great place to find advice from professionals who have a breadth of knowledge covering all areas of REI.

Hey Chris Hensley! Welcome to the site!

If you type '@' then the names of the people in the chat will appear below your reply box. Click on a name to 'Mention' them =)

I had to research that when I joined ha

Always nice to meet a fellow Hoosier on BP!

I see quite a few people from Northern IN so it's good to see you're not too far away from Indy.

My wife and I are local wholesalers and love to network!

Welcome Nick Martin! Always nice to see another Hoosier join the site =)

Nice work on the foreclosure rehab! I'm sure your wife is on board after you sell your current project.

You have plenty of options in Indy for SFR/MFR.

In my research, landlording is something many people do, but very few actually enjoy.

My wife and I plan on purchasing turn key properties downtown Indy and having a property management company take care of the rental for 10% of the monthly rate.

I personally would prefer to give up 1/3 of my cashflow on a property to dodge the headaches and focus my time on more important things.

I know a handful of people here with plenty of SFR and duplexes in their inventory which range from $30k-$100k.

It wouldn't be a flip. It would be a rental property downtown Indianapolis.

Would that make a difference?

Mehran Kamari
Good point. I feel I need to help this guy along a little more. I'll do a little more research on it and re post what I find.

J Scott
You're exactly right, not everything was listed in the repairs. Do you think the sell price should be lower in response to that?

I spoke with one of the owners after I frantically posted this. I think I was a little more composed after my first flop.

It sounds like I really need to know how far along the process is. What questions should I ask to find this out?

Wayne Brooks
1) Do I just ask when the auction for the property is?
2) They are $10k behind and owe $92k on a house worth $76k
3) There is a decent amount of water damage from the second floor toilet leaking. I would say $15k give or take $1k.

Matt Devincenzo (read above)
1) I'd like to wholesale this property.
2) I do have a buyers list and sent an email to a friend of mine who 'specializes' in short sales. We will see.

Wendell De Guzman
1) (read above)
2) I can ask if their has been a summary of judgement? She gave me a Lot number and told me Phase 5 Section 1. Does that mean anything?
3) The city is Indianapolis, and the house is located in Pike Township.

Thank you gentlemen for your responses!