All Forum Posts by: Brent Shaffer

Newbie landlord question.

What is the average cost for cleaning for new tenant preparation for a 1000sq ft home? The home is in good shape with all new paint and flooring so the job would be pretty east.

Also cost to replace storm window glass?

I am using a PM for this property.

Thanks everyone

@Jake Stuttgen

Thanks Jake. The bottom half of the front is stone. Would you suggest something different on the color selection?

Just purchased this rental property and need to have the exterior painted.  I am terrible at design and really need some suggestions for color choices for the siding, trim and door.  .  The property is for a rental in the midwest.

Any suggestions would be greatly appreciated.

Does anyone have any experience with CityPlace Property Management in Indianapolis? The rates seem good but I haven’t heard much about them.

Thanks

What are the rates that everyone is getting for conventional 30 year loan on multi family units?   How about single family ?

I need to lock in my first purchases soon!

Thanks for the advice

With the interest spread widening to about .5% on a 20% vs 25% down payment which would you choose for a 30 year conventional loan? The standard strategy seems to be 20% but seems like 25% makes more sense now.

What would you suggest?

From what I have fund being a newbie as well most of the homes that cash flow in Indy are the $65-85,000 range in C class neighborhoods.  You can get decent rents in some of these areas.  It seems that the opportunities are with some of the homes that need a bit of work.  Try the Lawrence and Speedway areas.  

I am a first time investor looking at purchasing my first investment property for rental income. I am located in the Indianapolis area and looking for single family or multi family rentals.

For my first deal would you suggest:

1. Look for home via realtor and then advise for renters?

2. Try to buy foreclosure or REO properties?

3. Buy a turnkey Property such as FARC in

Indianapolis?

5. But a fixer upper?

4. Single or multi family home for first deal?

I travel a lot so I would probably need to work with a management company.

Any suggestions would be greatly appreciated. Also any contacts in the Indianapolis area would be helpful.

Thanks and I look forward to my journey.

Brent

@Justin Frytz

I am a beginner investor and would like to know if anyone can give me some advice on PARC Investment Group or other turnkey groups in the Indianapolis area?

Is this a good way to get stated in investing in rental properties using turnkey operations?

Any suggestions would be appreciated.

Brent