All Forum Posts by: Alora Glaze

On a more basic level - to add on to some excellent points above...
Join local groups on social media for investors in the state, or more specifically the city, of where you may want to OOS invest. Always make sure to get references and run your background check as you build your team - as mentioned earlier, start with a local REI realtor and build your network from there.

Best of luck to you!!

When getting a team started, I usually try and find an REI realtor first. Someone who is familiar with what is going on investing-wise with the area you're interested in. Once you find a realtor that clicks, see what referrals they have or who they've work with before. Always do your own background check and speak with references.
Another good idea is to join investor groups on Facebook for those cities, see whos posting and what folks are saying - always good information to glean.

Best of luck to you!!

Our clients have had success with Iron Bridge as well as a few others - best of luck to you!!
https://ironbridgelending.com/

Work with licensed and/or insured professionals - always ask for references or examples of work done. Be specific with communication expectations from your boots-on-the-ground team (pictures, notes, updates etc.). Easiest way to get started is by finding an REI realtor in the area then using references and referrals from there to do your own background and assessment. Send a few deals their way and see what information you're getting back and if its adding value or seeming sketch. Also, join your local REI groups on Facebook to get to know other OOS investors in the market and to see what others are up to, or who to avoid.

Best of luck to you!!

I wouldn't let age necessarily detour you from looking into these properties - what will be useful in assessing the risk is making sure you have a local boots-on-the-ground &/or contractor to walk-through these properties before you take on a contract or bid to purchase. Having a licensed contractor put together a scope for you will allow you to get a more detailed picture of major assessment and repairs and additional items to increase ARV. Those unexpected repairs will happen here and there regardless of what age of property you go for - contingency funds are always recommended. In Indiana, these older properties are typically found in well-appreciating areas, so its worth the risk and extra research, and putting together a team of licensed, professionals to protect your OOS-investor interest.

Best of luck to you!

To add onto the above - 'first step' is absolutely subjective. If you're not sure where you start, then you probably need to ensure you've got your basics covered. Have you joined or attended local investor meet-ups virtually or via social media groups on Facebook? Have you acquired references for financing as well as adding your first team member, a realtor?
If not - these are all easier spots to move forward in without making the first BIG decision. Building your market knowledge base and hearing from local professionals in your market will do you a world of good and help bolster your confidence.

Best of luck to you!!

I'm from North County San Diego myself and I moved out to Indy to make my west-coast dollars stretch a bit further with real estate. If you're interested in the mid-west market, particularly Indy - check out this article published earlier this year with sited statistics and a break-down what is happening here and why it may interest you to take the OOS plunge.
https://learn.roofstock.com/bl...

Best of luck to you!

We have had good experiences with City Place in Indy and we refer them to our own clients as well.
https://www.cityplaceindy.com/...

Best of luck to you!

I moved to Indy also, but from San Diego - its a great market to get into right now, def made me realize that my money was better spent in the mid-west market. Welcome!

Best of luck to you!

https://accela9ca.indy.gov/cit...

Calling right now is tough since the employees are working in a limited capacity from home.
Try using the above website, so long as the address is within Marion county, and search the records by address - it may not show anything depending on the time it was built, online records only go back so far.
But that's the easiest way to check public records of permits pulled/approved on properties.

Best of luck to you!!