All Forum Posts by: Aaron Singer

Thanks for the tip @Noel R.! I'll look at the Indy subforums. I sourced my deal via MLS.

@Percy Matsunaga, I am primarily looking for buy/hold opportunities leveraging BRRRR. Although, in this case, it'll be a long BRRRR as the existing lease for my tenant expires in Feb 2021. I'll let you know if I find a good PM parter. A few have reached out via DM which I appreciate!

Hi BP! I'm relatively new to the community. I'm in AZ w/ a pending sale on a SFR in Indianapolis. I'm vetting property management partners. Looking for a strong partner. Bonus if they've worked with out of state investors and section 8 tenants. Thanks in advance!

Thanks @Alora Glaze I’ll check it out!

Hi @Alora Glaze, do you know if the INREIA group is open to out of state investors investing in Indy?

Thanks @Perry Farella. HomeStyle is an attractive product especially given I’ll be investing out of state. I do have some connections to local GCs (of course always looking for more!) 

One of the potential downsides I could see from a buying perspective is  a longer than typical close. Have you seen this to be the case and does it make the offer on prospective properties less competitive?

Hey Chris, thanks for the response! Really helpful insight from a lending perspective. I can certainly understand the appetite for lenders to tighten lending requirements - it's happening across the board. What you describe as "breaking even" on the cash out refi is not a terrible outcome for BRRRR which I assume is the scenario you're describing. I'm interested in buy/hold. Not looking to flip. Not looking to profit necessarily on the refi, though that's certainly a bonus. I'd just be looking to get my basis back and be able to pay off my lenders and yield a cash flowing property. Of course this always comes down to the appraisal and getting the rehab right.

I’m a new investor from AZ seeking deals in the Indianapolis area. In speaking with an Indy private bank, they are cutting off “fix/flip” loans for any investors with less than 3 deals. Wondering if others are hearing the same? Any  private lenders (banks) out there willing to lend to first time investors to cover rehab costs? I’m not opposed to private money, but would like to explore the banking option first, if possible.