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Updated over 5 years ago on . Most recent reply

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85
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David Ripplinger
  • Layton, UT
49
Votes |
85
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Indianapolis teams with conflicts of interest?

David Ripplinger
  • Layton, UT
Posted
I'm new here on Bigger Pockets and to real estate investing. This question may just as well apply to any other hot market, but currently Indianapolis is the one I've been looking at.

I've been noticing that there are many seemingly great options for real estate agents, contractors, property managers, and lenders in the area. So many of them seem to have plenty of experience working with investors and not just retail buyers. Several even make things more streamlined by offering multiple services under the same company (e.g. some offer both rehab work and property management, some offer realtor/finding work and property management).

What concerns me is that it seems like pretty much all the good teams out there are also investors themselves. Moreover, I've noticed in the forums many people happy to share who their team is with others investing in the same area. Do these things not present conflicts of interest and undesired competition? I imagine if I had a real estate agent that also invested like I hope to, that person would save the best deals for themselves. Or, if I asked my property manager what he/she thought of a deal and they are also hunting for deals, they might want to snatch it up for themselves. And if I had a good team set up and someone else starts investing in the area, and I tell them who my team is, this new person now has a chance at hearing about deals from the same people.

So, my question is two-fold:
1. Is having a team that also invests a significant problem? If so, how do people mitigate or avoid it?
2. Why are investors in the forums eager to share with other investors in the same area who their team is?

Most Popular Reply

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1,298
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1,315
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Josh C.
  • Property Manager
  • Indianapolis, IN
1,315
Votes |
1,298
Posts
Josh C.
  • Property Manager
  • Indianapolis, IN
Replied

No one has that much money. We are Property managers and also investors. We bought 4 properties this year. Two from the MLS and two from a wholesaler. Last year we bought maybe 8. If your property manager had unlimited money he probably wouldn't be a property manager. There were a lot more than 4 deals in Indy last year. Plenty to go around. And my criteria is probably different than yours. We like big rehabs while most investors want smaller jobs so they can finance everything. We have only one time offered on a house a client later contacted us about. We told them we had an offer on it. They actually went in 5 grand higher than us, the little devils, but either one got the house. So I think it's really a non-issue.

Good luck!

  • Josh C.
  • Loading replies...