All Forum Posts by: Braden Coleman

@Beau Enslow I'm further south so not familiar with PM companies up in Indy but went to school in UT. I'll send you an invite to chat more.

@Don Gouge have you had problems with 1977's having aluminum wiring? I've heard anything pre 76 as it doesn't meet HUD and other sources I've seen say after about 73 they stopped using aluminum. Maybe you've seen different in your experiences though? I'd love to know as I deal with homes around this age all the time.

@Brock Mammoser Congrats on actually taking action and looking around, and with that, finding a potentially great property. 

Don't underestimate the value of the deal you've found. Big investors like the one you're going to be meeting with, often time don't have the time/take the time/want to spend the time to find deals like yours so you have a good offering, if he/she is interested in partnering with you on it.

A mentor of mine told me it isn't uncommon for a 3 person partnership to be split evenly if one person brought the deal, one person is financing it, and one person is managing it going forward. Obviously it all depends on your personal agreement but hopefully that helps you see just how valuable finding a good deal and developing that relationship with the seller is.

Keep us updated on how it all goes! 

I'm just an hour over from you, and relatively newer myself so happy to chat anytime. The thing I've learned is, once you get going and you start to look back, it never is as "scary" as when you were first sizing the deal up. Once it's yours, you think, "wow that's it? That wasn't so intense! Let's do it again!" As long as you do your due diligence though that is.

I'm looking for good recommendations of MLO's (Mortgage Loan Originators) specifically for mobile homes here in Indiana as I'm seller financing the trailers.

@Stace Hill I'd be interested for sure

@Greg Carrier not bad at all, that really helps with my forecasting.

Thank you for feedback, very helpful. If anything comes up that I can help you with, just let me know, happy to reciprocate 

@Greg Carrier Okay yeah I agree with your view point and would be of the same mind. Just get them out and let them move on with life.

How much, all in, does an average eviction cost you when you run it through the courts with a lawyer and all?

@Greg Carrier Great quote, really puts things into perspective. I appreciate the detail in your response as well, really helps. Do you use an attorney for those cases or do you just self represent? It's just small claims court anyways, right? Sounds like as long as you follow the laws and and have your documentation that's all you really need?

@Thomas S. That's a good point, I'll look at them

I'm just about ready to get started investing and this is the last piece for me. I've analyzed more deals than I can count, I've walked through countless properties, have a good team of professionals that want to work with me, I've bought and sold a property for cash so I have a little bit of experience, and I even have the funding ready.

What is the eviction process here in Indiana? I'd love to hear your experiences, good or bad, and what you learned in the process. I'm interested to hear about single family homes and mobile homes in mobile home parks and/or mobile homes on private land. Maybe it's all the same process? I know lots of you say it's all in the screening but still, I'd like to be prepared beyond screening.

I'm in Bartholomew County if that helps as well. Thank you!