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Updated almost 10 years ago on . Most recent reply
Indianapolis - Out of state investor looking to build a ground team
Hi!
I'm an investor from Southern California who is just starting out. I've decided to buy my first rental property in Indianapolis. I'm in the stage of assembling a ground team and mortgage shopping.
I'm looking for a real estate agent/property management team (they can be the same person, an existing team, or separate recommendations) who can help me through the entire process of:
- Be my eyes and ears in Indianapolis. Scout and vet the MLS properties I'm interested in and/or link me houses that fit my criteria.
- Advise me on neighborhoods and what price the house will rent for. As experienced investors themselves, go over my numbers with me to make sure I'm doing the right thing.
- Guide me through the acquisition process as my buyer's agent (offer, inspections, title stuff, etc).
- Handle any clean up to get the property move-in ready. Not looking at any rehab-heavy properties right now, but experience with rehab is a plus for any future investments.
- Find tenants and manage my property, or hand over the keys to a property management company of my choosing.
Please let me know your recommendations!
I'm very excited to get started on my journey so thank you in advance for any recommendations and advice you can provide!
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Just curious how many houses are you going to be buying in a short amount of time.
your wish list is pretty extensive and with properties selling for what they do there there is not a lot of money in these deals to spend all this time being your ground team unless you can proof up that you could buy 10 to 20 homes right out of the gate....
Just a thought many will want to help you but you have to be mindful of the amount of work your asking for and the very small commission that are made on mid west properties
- Jay Hinrichs
- Podcast Guest on Show #222
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