All Forum Posts by: Taylor Jennings

Glad to see this is still popular! Would love to hear how it's going for everyone?

http://bit.ly/YGmidF

That link will take you through my driving for dollars walk through.

The website we have in Indianapolis will obviously be different than one that you would have where you are at but my suggestion would be to ask the county assessors office, "How can I pay my bill online?"

If they have an online service then you should celebrate because chances are they will at least allow you to look up by parcel number and will generally have you bill, with your name, and your mailing address listed.

This will give you the most up to date details on who owns the houses your wanting to find.

Get even more inventive and have somebody create software which automatically pulls this information and puts it into a spreadsheet for you =) That's the best.

haha it's so funny seeing all these familiar faces popping up on. BiggerPockets now!

This struck home! My wife and sister thought it was unethical, but the way I see it is:

• "I buy houses" means Taylor Jennings does
• "We buy houses" means my partners and I which includes any one of my buyers

I tell sellers up front that if their house fits my criteria then I will purchase it myself, but if not then one of my investors may.

I feel that is pretty transparent.

Well, simplisafe has been a great product but the freaking theives stole my entire electrical meter box as well as my keypad for the system HA! (This is a hysterical laugh...)

Here is what I've been searching for the last half hour:

• IP Security Camera with or without tilt control
• Night vision
• Motion sensor
• Battery operated/solar powered
• Outdoor/indoor
• Built-in internet / mobile connection (ie records video to cloud without internet present)
• Affordable (<~$100)

I'm not sure if I'm searching the right keywords, but here are the items I've found which still don't do fall 100% under the criteria I listed above:

• http://www.amazon.com/TENVIS-JPT3815W-Surveillance...
• http://pro-vigil.com/live-security-monitoring/
• http://www.amazon.com/Foscam-FI8918W-Wireless-Netw...
• http://www.amazon.com/Covert-Special-Ops-Cellular-...

The last one is a trail cam which takes pics and sends them through MMS! But it's too expensive...

The tennis seems to be the way to go if I've got power and a wireless connection especially with the features it has.

I'm open to standalone wireless routers with battery power and connection!

Rigging may be the only way... Ideas?

PS I hear about REO Sentinel but I can't access the site on my iPad at least... Didn't know if it was still around?

I just finished auctioneer pre licensing. He idea here is to allow wholesalers the ability to auction equitable title (their contracts online).

I'm hoping to finally launch within the next three months.

673 River Ave, Indianapolis 46221: +801 River Ave, Vacant Lot

3bd/1ba/1112sq/$750-$800mo

Purchase Price: $15k

In the floorplan attached the TOP layout is our Proposed Layout and the BOTTOM layout is the Present Layout.

Lockbox & Alarm Code: Available upon request

$750/mo

$9000 GROSS SCHEDULED INCOME

$720 VACANCY RATE @ 8%

$486 TAXES @ 5.4% (Addition on back not recorded on Assessment)

$415 INSURANCE @ 4.6%

$630 MAINTENANCE @ 7%

$900 MANAGEMENT @ 10%

$59 SEWER @ 0.6%

$267/mo Operating Costs @ 35.6%

$487/mo NET Cash Flow

$5840 NET Operating Income

$15000 Purchase Price (Includes Closing Costs)

$22000 Rehab Estimate

$37000 TOTAL COST

15.8% CAP RATE

TOTAL REHAB: $22k (This includes a new water heater, furnace, heat pump, and all new PEX plumbing if they need to be replaced)

If you are paying your guys direct then you should be able to get the rehab done for $18-19k. If hired out then $22k-$23k which includes fixing the roof the right way.

(Project management referral and pricing available upon request)

MENTIONABLES

• Raised Ceilings: Master bedroom, living room 1, living room 2
• Large fenced in backyard
• Big shed in back with shelving (has existing unused shingles in packaging in storage)
• 0.8mi walk to Lucas Oil Stadium
• Closed in front porch
• Front patio
• Open floorplan kitchen with bar top
• Large laundry room
• Deal comes with the Land Lot beside it (801 River Av)

Backyard: http://360.io/PmdpVs

Living 1 & 2: http://360.io/ztVLPM

Master: http://360.io/54uWmt

Bed 1 & 2: http://360.io/XgcDaG

Laundry: http://360.io/zrA6dA

Kitchen: http://360.io/axZZVY

2D PICTURES

All Pics: https://drive.google.com/folderview?id=0B-SeVvpM7tGIakpuSzBKb0dzaFk&usp=sharing

Call me directly if you're interested in the property.

Thanks!

PS I have my own construction company and crew and can hit these numbers if you need somebody. We can also do tenant placement for the first month's rent.

This property is not Turnkey. It is a fixer upper in Indianapolis. 

--

Taylor Jennings | 317.696.3434

5yrs of tenancy! As long as she paid on time, I would accept an hour of drama every other month as long as my PM person dealt with it =]

Definitely bad news though.

 lol Next thing The Man will do to us is say, "Turning the gas off on the furnace during winter is illegal." What's this world coming to!

In all seriousness though if the lease agreement says that a burst pipe is an emergency situation then wouldn't it be considered legal under the circumstances?

The fact that it's damaging your property and could be causing a safety hazard for the tenant I would imagine would give you a reasonable cause...