NEW INVESTOR IN NORTHWEST INDIANA

[Nick Cruse]

I am a new investor in the Porter County Indiana area. I have built and remodeled houses for 20 years but I now want to venture into some buy and hold properties. I am looking for some advice on how to start out on the right foot. I am actively running down leads from my customers as well as seeking out homes by the "driving for dollars method". i would love to meet someone with some experience to bounce ideas off. Any help is greatly appreciated. Have an amazing day.

[Adrien C.]

Happy to help. My flipping company buys 80-100 houses a year in Lake and Porter co. We resell about half to other investors. Both counties have tons of areas that are great for rentals. Super competitive in both so be patient. Figure out what your criteria is for a rental house and if you see something that meets it- jump on it. If the property doesn't meet your criteria, don't get emotional because you've been looking for months. When people get emotional, they start to justify why the numbers work even though logically they know they don't. Home prices and rents are inflated right now. Will it last- maybe? But better to buy on solid numbers so you can weather a decline then to roll the dice hoping things still go up.