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All Forum Posts by: Angel Vargas

Angel Vargas has started 2 posts and replied 23 times.

Post: BRRRR in Indianapolis, Indiana

Angel VargasPosted
  • Freeport, NY
  • Posts 31
  • Votes 2

@Ross Denman

Wow! Thank you for sharing the wealth of knowledge, folks like you remind us why having a BP account is totally worth it! I have met such amazing people on BP already and appreciate you guys taking the time to reply back to both our PMs and discussions such as this. 

Unfortunately, today I might have encountered my first disappointing experience on BP. I went to the Market place, found a great deal so I immediately reach out to the seller (yesterday evening) via reply to forum/text/ and a PM. I called the seller this morning around 8:30am/9am and left a voicemail. I gave him all day and later texted him around 5pm asking him to call me. He texts me back at 5:58pm that he is busy and will call me back "soon". I give him until 8pm and ask him for an ETA as I had some local deals which I am trying to decide on but really like the prospect of said deal (very true not lip service). He tells me that I should probably go with the local deals as he already has 2 offers already (not accepted offers but just offers). . . Feels very standoff-ish. I mean why would a seller walk away from a potential offer without even listening to it. I was ready to offer very close to asking, as the number seem to work.  

Is this how all out-of-state investors are treated? I would think our cash is just as green as anyone elses. . . 

Ok, I am coming off of the couch now, I am good. :) Thanks again guys!!!  God bless!

Post: BRRRR in Indianapolis, Indiana

Angel VargasPosted
  • Freeport, NY
  • Posts 31
  • Votes 2

Hi All -

My name is Angel Vargas and I am proudly a new member of the BP family. Unfortunately, I am from a tenant friendly state (NY). And while I am not new to out-of-state real estate persay, I am new to out-of-state rental properties. This is such a great community and resource for folks like me.

From everything I read, it appears that Arizona and Indiana are two of the favorites for investors. The BRRRR approach seems like a great fit for me. However, being from out-of-state, I am concerned about the learning curve and the unknown. Thus, ANY advise/insight that you folks can lend would be greatly appreciated.

Some Questions:

- Which parts of IN (and Arizona) would you folks recommend I look at for the BRRRR method?

- Are there any specific laws or particulars that I should be concerned with or educate myself on?

- How is the rent market/sale market?

Most importantly, thank you all for contributing daily and helping folks like me get their feet wet in such markets!


Cheers!

Clay -

Interested,  will PM you my number.