Newbie from Indianapolis, Indiana (IN)

[Lukas Rohler]

Hey all!

My name is Lukas and I grew up in Indianapolis, IN! I've been reading the BP forums, books, and podcasts for about 6 months, and I am actively pursuing my first deal. My strategy right now is BRRRR SFH's and/or 2-4 plexes on the near east side of Indy (Brightwood, Irvington, Warren Park, Fountain Square, and anywhere in between), but I'm open to SFH flips and/or other areas of Indy if the numbers are attractive.

My goal is to do ~$1M in acquisitions (4-7 deals by ARV) by the end of 2021, and transition into BRRRR'ing small multi-family properties in 2022. While aggressive, this is an achievable goal and will bring more interesting challenges which, personally, I find very exciting.

Right now I am looking for off-market SFH's & 2-4 plexes, contractor referrals, and networking.

Off-market deals: I've looked at on-market inventory via Zillow and off-market inventory via reputable wholesalers in my area, but inventory is low for everyone right now. I am guessing that driving for dollars may be my best bet for solid BRRRR deals with how hot the Indy market is currently. I would love to hear additional ideas for finding deals.

 Any tips/tricks for dealing with contractors and keeping them on-schedule and on-budget would be appreciated! I have a background in project management, but I don't have much experience with managing contractors specifically.

Personally, I really value building win-win relationships and finding creative solutions to tough problems. Again, looking to learn as much as possible.

Thanks for reading and I look forward to reading your reply!