Looking for BRRRR Property in Indy?

[Nick Wilson]

Hello BP!

I'm a brand new investor located in Sacramento - California, looking to buy 2 SFH or Small Multi-Family Properties in the Indianapolis Area by the end of the year! I currently have $120k cash saved ready to make a cash offer in something in the $60-100k range (which would save me a little left over for rehab), so I have money for the rehab. I can also get-preapproved for a mortgage for up to $300k if I need to but I wanted to try and pay cash for my first property if I could. I choose Indianapolis after researching great Out Of State Markets, but I'm certainly not married to it - just wanted to have a home base before I jump from market to market. I've found 2 Realtors in Indy through BP. In the last six months they've brought me a small handful of properties, and I've made 4 offers. One realtor I stopped using because they became unresponsive.

My goals haven't changed of wanting to buy 2 BRRRR Properties by the end of the year. My dilemma is this - my current realtor is a great guy and he's helped me out a lot up till now, but seems reluctant to want to send 2 offers a week like I want to find a great deal. I understand where he's coming from and not wanting to waste his time, but I've also told him that I'd like to form a long lasting relationship where we can buy 2 this year, then hopefully at least 4 next year... I feel loyal to him, but frankly I feel like I'm going to get to the end of the year with nothing to show for it with the pace we are going and that's what I told him... What would you do if you where me? I'm considering these options: Looking for other Realtors in the same market, switching to a different market entirely, or seeking out a partner. Open to any/all suggestions or referrals. Thanks in advance.

-Nick