Newbie Investor in Indianapolis, SFH and Duplexes Buy and Hold

[David Carlton Carley]

Hello! My name is Carlton, and I am a newbie real estate investor in the Indianapolis metro area. I am about to begin purchasing SFH and duplexes to start my portfolio and am looking to develop a team of wholesalers, real estate brokers, etc. as well as find a great insurance agent, property management company, and financing options. I am looking for high cash flowing properties to buy and hold, and am in the middle of reading 'Investing in Duplexes, Triplexes, & Quads' by Larry Loftis. BP has been a great resource for me thus far, and I look forward to being more involved as I dive into becoming a RE investor with both feet. Thanks!

Please feel free to reach out with your contact information or any tips, I would love to connect.

[Shawn Holsapple]

@David Carlton Carley welcome to BP!

Be careful of duplex and small multi units.  Most are in rough areas and old which means lots of maintenance and CAPx [ask me how I know].

IMHO - one should start with post war [1945] built SFH that rent for over $700. This will get you out of most rough areas and war zones and make your life a lot better.

Just a thought.

- it's always good to see another Hoosier utilizing this great site!

Of course, you need to read The Ultimate Beginners Guide to REI here on BP

If you haven’t already, please read/listen to these books ASAP!

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

Rich Dad Poor Dad

Rich Dads Cash Flow Quadrant

Rich Dads Increase your financial IQ

The Real Book of Real Estate

The ABC’s of RE Investing

The ABC’s of PM

Rich Dad RE Tax Advantages

The 10X Rule

The E-Myth

The 4 Hour Work Week

BiggerPocketsPodCast -I hear #136 is exceptional!

Wholesaling101 You Tube Channel

Kent Clothier – You Tube Memphs Invest channel