All Forum Posts by: Account Closed

I've been shopping around for insurance for 2 properties I recently purchased in Indianapolis. I have been quoted $2000-$2400 full coverage with replacement costs ect. (For both properties) And $1200 for coverage with Actual Cash Value only (for both properties). What do investors typically get for their properties. I like the idea of good coverage but in this situation it dips into my cash flow. Let me know your thoughts. Thanks everyone

I have heard horror stories about some coaching programs. They teach you all this stuff (which you can learn from books and other investors). Then they get you to join there groups ect and next thing you know they are trying to sell you one of there properties. I think finding a good mentor that enjoys helping people for the price of a coffee is your best resource. The second part is going to be just getting in there and gaining some experience. There is a lot of scammers out there . Be careful!

I am fairly new to investing and just purchased 2 properties in Infianspolis.  I live in San Jose Ca.  According to our research the hot spot for cash flow properties is in the Midwest.  We are focusing on Indianapolis and Kansas City.  Being an out of state investor we used a turnkey company to help us.  It was a great experience.  Of course they get there piece of the pie too but in the end it's a win win for everyone.  Cash flow is good, they completly renovated the homes, found me tennents, and will be managing them as well.  I think investing away from your home can be a great idea as long as you do the research and find the right people to help you. 

Frank R. Great reply Frank. We do need to find that happy medium and spend time with our families. Maybe a little less time on bigger pockets (here hee).

I am looking to work with full service turnkey companies that could help me buy cash flow buy and hold properties in the Kansas City area and help manage them as well. Does anyone know anybody out there that they could recommend. Could you share your experiences with them. I'm looking for SFH under $70000 3br 1-2 bath.

I'm starting to look into investing in buy and hold properties in Jackson MI. What areas should be avoided and where are the hot spots for great cash flow with decent tenants. Also why would Jackson be a good area to invest in? What's with all the hype with investing in Michigan? Can't wait to hear your thoughts.

I am just getting started in real estate investing with intentions of buying buy and hold cash flow properties regularly over the next six months to a year. I recently bought 2 homes in Indianapolis and plan to return there in the near future to buy more. I am curious to know if their are any other markets out there that I may have overlooked that would provided great cash flow. Please let me know where and why that market has potential. Any advice or suggestions is appreciated. Thanks everyone.

@Mike D'Arrigo Don't really have an address or specific home in mind.  We toured through the area last weekend and really liked it there.  Really nice looking neighborhoods with bigger homes and higher rents.  That's the one area that we have not heard much about so are trying to get a little more info on it.   Just seemed really family friendly.  If something comes up I'll be sure to run it by you.   Thanks Mike.  

I considering buying a home in the Mapleton Fall Creek area of Indianapolis for a buy and hold cash flow investment. The rents seem a little higher there and you can still get a good deal for under $70000. Is there any hotspots within this area that would cash flow the best. Any pockets within this area I should avoid. Any insight on the area in general would be appreciated. Thanks everyone

I just learned a real great point from another investor on BP. He told me that these rules are just guidelines. He typically invests based on a given number of net income he will receive from the property. For instance if he makes $300 positive cash flow off each property he is happy. The numbers will be higher the closer you get to 2% but some may be happy with even the minimum of 1% as long as they make that magical number that makes them happy. I'm not experienced but thought I would share what an experienced investor told me. Hope this helps