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Updated almost 6 years ago on . Most recent reply

User Stats

9
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2
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Frederick McCarty
  • New to Real Estate
  • Indianapolis, IN
2
Votes |
9
Posts

Allow me to introduce myself...

Frederick McCarty
  • New to Real Estate
  • Indianapolis, IN
Posted

Summary:

I am a new investor in the Indianapolis area looking to build relationships with all occupations, near or far, involved in real estate. I would love to meet people I can bounce ideas off, assist, or possible partner with on a deal or two. I’m not investor savvy (yet), but I refuse to be outworked in whatever mission I’m involved in.

Background:

I am a husband and father of two beautiful children. Passing generational wealth to my children and retiring comfortable (financial freedom) with my wife are two main goals driving my real estate investing pursuits. The byproduct of my goals is to provide quality homes for buy or rent to individuals. I also want to eventually get involved in commercial real estate.

Currently I am a supervisor in Accounts Payable. My background is data analytics. I'm ready to start building a real estate portfolio because I feel like my potential is being wasted (I'm a peacock, you gotta let me fly!)  In my spare time I like to debate any topic under the sun. I’m currently trying start a podcast it. I’m also doing photography and videography as a hobby right now. I’m sure looking for space to record a podcast and do video production was the final straw that made me want to get back into real estate. I figured paying for something I owned has far more potential than something I’m renting.

I am a “born-again” investor. In 2007-2008, I jumped in feet first and bought my first rental property. It turned out that it was a shady deal and I got the short end of the stick. I ended up doing a short sale on the property which I now regret. I was young when I attempted this the first time and suffered a lot of “concussions” due to all the times I bumped my head. I tried to do it all by myself and it overwhelmed me. Looking back there were a lot of valuable lessons learned. One of which brought me to here: Networking. I was talking with the owner of an AirBnB I stayed in about real estate and he suggested the BiggerPockets.com. After a year or two and finally attending one of the webinars I decided to join and go Pro. Now I’m here ready sitting with a little money to start investing, but I want to make sure I'm learning and earning the right way.

Most Popular Reply

User Stats

545
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931
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Ross Denman
  • Real Estate Consultant
  • Carmel, IN
931
Votes |
545
Posts
Ross Denman
  • Real Estate Consultant
  • Carmel, IN
Replied

@Frederick McCarty Congratulations and welcome aboard. I'm a local investor and I'm the business developer for a local property management company.

First off... I love seeing local people jump in to Indianapolis Real Estate. We work with about 150 clients around the world investing in Indianapolis and most of them are from California. We used to have several Israeli clients (although most have sold now) and have clients in Australia, Singapore, Ukraine, Canada, Dubai, and even more. We've also seen a lot more come from Washington and Colorado as those markets have become ridiculously expensive. I think we have investors from about 30 different states all together and every continent but Antartica and Africa.

The point being, I hate to see all of the real estate profits leave the area and wish there were more local investors, but we live in Indy and don't realize how good of a market it is.

Most local investors manage rental properties themselves until they build a decent sized portfolio, so I don't expect to make you a client, but I would love to give you some insight and help you get started. Feel free to reach out if you have any questions.

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