Updated over 7 years ago on . Most recent reply
Mid-Level Investor from Indianapolis
Hi BP Community!
I am new to the site and I'm absolutely loving it so far. Amazing education, connections, people, etc. I live in Carmel, IN (outside of Indianapolis), with my wife and two kids. I've been a full time Realtor since 2009, and I've owned rental property since 2011. I am looking to ramp up the investing side of my business, and that's how I ended up here.
I currently own 6 units and I'm under contract for 2 more. I have done 1 flip (2017) and I'm in the middle of my 2nd. I am also getting in to new construction - I have two lots that I'll be building spec ranch homes on. Plans are filed with the city on one, so I hope to break ground within a few months.
After getting inspired by the podcasts, I have set a goal of 100 units in the next 5 years. I plan on funding the units through the flips and new builds (also will be growing those businesses). I'm here to not only learn, but to help wherever possible, and network with awesome like-minded individuals.
Cheers!
-Pete
- Peter Stewart
- Podcast Guest on Show #2
Most Popular Reply
Hi Pete,
Love your enthusiasm and motivation . As a word to the wise be carful taking on to much dept this late in the cycle most every successful realtor I know did what you did in Cali in 2006 and 2007 they all got wiped out in 2008 and 2009. Things are setting up just like before this time the dept is even larger. The bubble in Coastal California is bigger now and it is even the biggest in Califorina history. No joke. just use caution.