All Forum Posts by: Account Closed

Mark Shaffar Keeping this in mind I invest in linear markets and not cyclical markets. Regardless of what happens as mentioned above I will hold on and keep cashing in my rent checks.

Traver Freeman I am a beginner investor too and we invest in Indianapolis and Birmingham. With limited cash and buying homes with leverage we felt it would make more sense to get into the markets with the lower purchase prices. This allows us to get more cash flow, and more houses with less down payments. More importantly was that we found great Turnkey providers that were willing to take the extra time to educate and mentor me as a beginner. These are FS Houses in Indianapolis, Decas Group and Justin Harrison in Birmingham. As a beginner I highly recommend you give them a call and pick there brains. They are all cool dudes too!

First screen them like anyone else. If they don't fit the bill then make it part of the contract that the home will need to be vacant prior to close. If they do meet the criteria then make them sign a new lease prior to close. I got burned when a tenant stopped paying her rent the day I took possession. She delayed signing the lease and then delayed the rent for 2 months until I evicted her. I then was able to get my awesome property manager to find a better tenant that met her high standards.

Anyone familiar with Ductless Air Conditioners. In looking to possibly get one installed in my primary residents. From what I know Central AC is pricey, portable units only work for small rooms and the window units won't fit in my smaller side sliding windows. So what about a Ductless System?

Adam Craig I use Jason Bott at Robertsonryan insurance. He's the man! 

Gary Mariencheck I like the idea of buying a duplex and living in one of the units. This is smart. After that I would recommend SFH instead of Duplexes. From what Ive learned from other investors duplexes can be tricky to manage and are not for the inexperienced investor. In the long run they may not perform as well as you think too. Also harder to sell as an exit strategy.

I am not familiar with home path but regardless I'm curious to know why you would choose tongi this route instead of a regular SFH. I like to think that honesty will take you a lot farther in this game.

Cecelia Redmond If you got tons of experienced investors telling you to avoid the gurus and learn for free on Bigger Pockets......I would think about it. I suggest finding a mentor (easily on Bigger Pockets). Experience is everything in my opinion. You learn everyday as your portfolio, knowledge, experience, and network slowly grows. With everyone's help on BP you could do your due diligence and use that money for your tuition to start getting in the game. Good luck with whatever you decide to do.

Ryan Yetter I'm fairly new to investing like you and have been purchasing homes in Indy since October. Everyone on BP advised me to stay away from duplexes. Especially as a new investor. They are harder to manage and have a limited amount of buyers as an exit strategy. It's also apparent that for the same rents you can get a SFH making it more difficult to find renters. It's definitely an option for some with the right management and experience but perhaps not the best decision for a newbie.

Steven Wertheim I have been out of state investing in turnkey properties in Indianapolis and Birmingham since October. I highly recommend using turnkey companies to help you. PM me of you would like to hear more about it.