All Forum Posts by: Bryan F.

Welcome Don! Sounds like you are headed in the right direction. Fort Wayne is a great market to invest in. We've been investing in the area for a few years now. Cash flow isn't quite as easy to come by as it was pre-pandemic, but it's certainly still there. As for property managers, there's a number of quality providers in the area. Which one to choose ultimately comes down to your strategy. Some do better job than others in certain types of housing. We personally use a couple for that reason.

To start building team in the area, I would recommend reaching out to Jordan Wildman. He's your local trusted expert Real Estate Agent and investor and can help you navigate your investor journey. You can find him on BP, but feel free to PM me and I can give you his contact info.

Best of luck! Fort Wayne is a great place to start your investing journey!

2 inch white faux wood blinds from Home Depot. If you buy them 1/4 inch down in size (so 29.75 instead of 30) you can often get a discount and you generally can’t tell the small difference in size. Walmart curtain rods (or any other cheap rod) that can be replaced on each turn so the tenant doesn’t try to staple a bedsheet to the window, ormount their rod brackets directly to your freshly filled and painted window casing.

Quote from @Carlos Ptriawan:

Quote from @Christin Nguyen:

Hey everyone,

So I am recently under contract for a property that I negotiated from 180k to 175k with 2.5k seller’s credit. I had an inspection contingency where I wanted an inspection but would ask for no repairs.

Pass forward to after the inspection, and I find out that it’s pretty clear. No structural issues or hazards with the property but still definitely some things to fix like grounding wires, rubber roofing, etc. Can I still go back to the seller and ask for some additional help in sellers credit for those repairs to do myself?

Or, could I ask the sellers for help with covering my buy down interest rate? I am locked in at 5.75% in which I needed to do a 1.5% buy down rate (2.1k). How could I respectfully ask to see if they can either credit me more for repairs or credit me for the buy down rate? Is that something I can even still ask now?

I definitely will appreciate all types of feedback. Thanks!

Make sure before you contacting the lender that offer you a mortgage buydown, you call all CU that has a special ARM mortgage rate.

If you are planning owner occupy for a while and can refi with another owner occupied loan down the line, a 5/7/10 ARM at whichever one offers the lowest rate might be the way to go, and save the 2.1k for cosmetic repairs that will boost your rent prices. I’d personally rather have the cash on hand to try and increase my income over locking in a rate I have to pay for just as they are starting to fall a bit.

Take the fence down and save the money on the replacement. Easier to mow and maintain between tenants.

I know the package you are looking at. This is a terrible deal that will be cash flow negative after capex. Finding decent management won't be an issue. The current PM does a good job. Vacancy will be a bit higher in a couple of these towns (Butler specifically). These are all 100 plus year old properties that require higher capex estimates (I know from experience). You can find better deals for individual properties in more desirable areas on the MLS. If you're interested in the area, I'd start there. Review the listings/recent sales on multi-families and you can pretty easily spot the agents that specialize in investment properties in the area.

I'd certainly be interested if it were on the north side, south side, not so much. What centrally located zip codes did you have in mind?