Fort Wayne Indiana New Investor

[Donielle Krempel]

Hello BP family,

My husband and I are new to the investing real estate game. After many years of always wanting to rent and become a landlord, we’re finally going to do it!

I read the infamous Rich Dad Poor Dad and that’s about all it took for this girl to see she needs the money to work more for her, but also to be realistic. I have been listening to BP podcast for weeks now (My husband says I have a problem🤣), discussing with our realtor, reading, and continuing building up our finances, I believe there’s no better time than this year to finally jump into the real estate world.

I am originally from Athens, Ohio and moved to Fort Wayne, IN in 2009 for my Nursing Degree; I just recently finished paying off, which was no small endeavor. Luckily I am anything if not determined and once I set my mind toward something I accomplish it.

Ironically the real estate idea was mine I pitched to my husband last month and to my surprise he said “Yes!” In my teens and 20’s I never thought buying a home was a good idea, I always had negative impressions of purchasing a home and then… you get stuck with it. Until we bought our first home and I saw what the market is capable of doing in the good times; that is when it began to resonate with me finally. I lived through the struggles in 2008, and I lived in the 2021 upswing of the market. I believe we are ready, and luckily we have many family and friends who have been and who continually help educate us and who are open to the idea and supporting our new real estate dreams.

So with that said; Fort Wayne, Indiana and its surrounding areas are near and dear to my heart. I work in the communities as a nurse home visitor for mothers and babies and I would like to supply more trustworthy and safe housing to those who need it most; all while improving my short and long term pockets is the goal.

We would like to use the buy and hold strategy, with a conventional loan likely, but we also want to get started sooner than later, but don’t want to dip into our own emergency funds; other funding options would be beneficial to look into. I haven’t decided if I want to start with a turnkey property, or a property that’s in need of moderate/minor rehabs. The numbers and location will determine which is the best option for us but these would be my preferred methods.

I know there is a strong rental market in Fort Wayne, the problem is getting it to cash flow to be a good investment for us and keeping rent reasonable. My biggest concerns right now is finding a decent property manager (I hate to give anyone control, but I have a full time job), finding an on call good handyman, and talking with investors about other positive ways to finance the deal other than a conventional loan.

Indiana, Florida, Ohio, Lake homes, and most tourist destinations are all interest to us!

P.S. Shoutout to Brandon from the BP podcast who said to come make an intro post (10 years ago), who I low key found out yesterday is no longer doing the BP podcast… I guess that’s what happens when you listen to the old podcast first though.

Looking forward to hearing from you all!

Best,
Don