All Forum Posts by: Carly Stewart

Originally posted by @Gloria N Gear:

Hi Carly! I think that is a great idea. I am with Keller Williams so obviously think that is best, but do your research. My monthly fee covers E&O insurance and Showing service plus tech fees, so shop to see what you need, that would be minimum. I would join MIBOR if I were you, you will have access to the most accurate information immediately and be able to run comps very easily.

Gloria, thanks for the advice!

Hi -

I am considering getting my real estate license in Indiana. I would primarily be doing this to represent myself, and a few family members, on investment property deals. Looking for recommendations on the following:

• 1) Sponsoring Broker; ideally looking for somewhere that does commission split without a monthly fee
• 2) Is it a requirement in Indiana to be a member of MIBOR? If not a requirement, are the benefits of MIBOR membership worth the cost?

Thanks in advance for any advice you have!

Originally posted by @Eric Miller:

I did my licensing through Real University out of Greenwood online, it was like $400 or $500. When you sign up with the real estate classes you can ask to be put on the list allowing brokers to contact you. From there you can talk to each one about fees/splits etc. There should be plenty of no monthly cost options. Where my license is parked has no fees other than the splits, but I was already doing a bunch of investment deals with that broker before I got my license, so I did not shop around. Good luck!

Thanks Eric! One more question, once you got your license did you join MIBOR? Trying to figure out what all is required before I head down this path. 

I am considering getting my real estate license in Indiana. This would primarily be to represent myself, and a few family members, on deals for investment properties. Looking for recommendations on the following:

1) Easiest / cheapest broker to "hang" my license with 

2) Best online pre-license courses 

Thanks in advance for your help!

@Adrien C. nothing bigger in Kokomo that is available at this point

Great opportunity to own a 6-unit property in Kokomo, IN - a city with a rapidly growing economy. 

The building is fully rented, in good condition, and is cash flowing well.

Property Details:

• Price: $315,000
• 6 units - 2 bedroom, 1 bath (3 separate duplexes)
• Each unit includes large kitchen and living room, in-unit washer/dryer, free parking, patio and grassy open areas.

If interested I can share more pictures and a brochure with the financials. 

Article on Kokomo Rental Market and Economy

I am trying to determine where I should set rents for one of my new rental properties that has vacant units.

What are the key data points I should research or things I should consider as I am determining what I should set the rent at?

Hi All - First time poster here! I've been monitoring BP for quite some time, listening to all the podcasts and reading everything I can about real estate investing. My husband and I live in Chicago with the intention of moving to Indianapolis in the next 5 years. As such, we have begun buying long term buy and hold real estate investing with a specific emphasis on a cash flow revenue stream in Kokomo, Indiana. 

We are looking to build our team and would like to find a  CPA with a good understanding and / or experience with real estate investment properties. I'm interested if any of you have any good suggestions for CPAs that we should check out. Thanks in advance for your help!

- Carly