All Forum Posts by: Adam Detig

The county website should have all of that info (if their website is modern), sometimes including home/land info, date sold, etc. It is sometimes called the GIS map. Try searching your county and GIS map. 

Hey everyone. Is anyone still coordinating meeting up? I’m looking to get to know more people in the space here in Indy (South side for me). 

Thank you for the response. I will take a look at it!

Hello BP,

My brother and I are starting a PM company to manage our units. I am struggling to find the best phone option for our company. We started with Google Voice but found that its limitations were hindering us, specifically in the realm of how many phone numbers we could forward calls to (although the free minutes/texts, and it's contact book was great). 

We have now switched to CallRail as it allows us to use multiple phone numbers and track where our calls are coming from. It also records calls (which we have found is a must), but it has no contact book so looking back at calls and texts is difficult as it is all just numbers. Also, it costs for extra numbers and running over in minutes and texts.

I've also looked into eVoice but I don't think it fits our needs.

That being said, what are you all using for your phone options?

@Mario Gonzalez

But don't let only the cash flow determine if it's worth it. Use CoC return and IRR to help determine that. $100 monthly profit is good if you have no money in the deal, but it's terrible if you have $50k in it.

@Mario Gonzalez

Hey Mario. I use similar numbers to your in my analysis (cap ex and repairs at 15%, and 8% property management, same vacancy). For my deals I like to Brrrr and end up with 100-200$ profit per door after refinancing my money out.

@Andrew Angerer

My biggest roadblock right now is lack of deals here in Knoxville. I have a team together and the funds necessary so I’m working on starting up callings and mailings for a small handpicked list I made (all of which is brand new to me). Just not enough time during my schooling to learn it and get everything in place. Hopefully in 4 weeks more time with come available.

@Juan Avalos

This hypothetical path is exactly what many many investors use to grow their portfolio to aim towards financial freedom.

I would recommend however, is to get more concrete numbers to better analyze the deals. Use mortgage calculators to get a specific mortgage payment, get insurance quotes, tax numbers, and make some educated assumptions on vacancy and repairs/cap ex (I use 7% and 15% respectively). Once you have more concrete numbers you can determine what type of specific return you will get on your investment, and you will be better set up for making offers and purchasing properties.

Good luck.

@Jeff Jansen you should be able to show previous paystubs and a promise letter from your future employer as proof of income. Should not be too big of an issue. If it is, call another lender as there are a lot out there.

Tenantcloud has been very helpful. I think it's like $10/month for the full version. It handles maintenance request, communicating with tenants, and online pay. Highly recommend.