Anyone invest in Northern Indiana real estate. Need Advice

[Reuben Stewart]

Hello BP

Just looking for a little insight from all the wonderful and experience investors on BP, here’s my situation

I purchased 3 tax liens last year in Lake County Indiana, two of the properties are in Merrillville IN, the other one is in Gary IN.

So here’s my issue, I LIVE IN CALIFORNIA....I’m really familiar with the area and I’ve seen all the houses in person so i know the condition of each.

Cost of each property

#1 $3800 purchase, $1000 lawyer fee, $2000 back taxed= $6800 total investment. Rehab $20k

#2 $1200 purchase, $1000 lawyer fee, $600 backed taxed= $3000 total investment. Rehab $8k

#3 $900 purchase, $1000 lawyer fee, $600 backed taxed= $2500 total investment...rehab $10k

Total investment if i rehab $50,300

So I fly all the way out there to purchase real estate because I’m tired of sitting on the sidelines and now IM SCARED bigger pockets, any good advice on what i should, I’m so afraid of losing money investing in this area. I had a great feeling when i investigated the properties and area however now i just don’t really know. I’m asking because I’ve been approached by several wholesalers asking me to sell the house for not much more than i bought them for. However should i take the little profit and run or jump and swim with the sharks?

HELP...Lol

[Chris L.]

Reuben,

I live in NE Indiana so I am not familiar with the specifics in NW Indiana.

My recommendation is that you take the quick profit unless you are working with someone that you have complete trust in. If you are trying to run a rehab from Ca without someone that you can rely on, you are not likely to have a favorable outcome.

Good luck with your decision.

Chris