Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

48
Posts
31
Votes
Reuben Stewart
  • Anaheim, CA
31
Votes |
48
Posts

Anyone invest in Northern Indiana real estate. Need Advice

Reuben Stewart
  • Anaheim, CA
Posted

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

Loading replies...