All Forum Posts by: Chad Meyer

Definitely a slow down right now from what I'm seeing as well.  We went from summer straight to winter though as well it seems, and obviously this starts to become that slower time.  I'd have to agree with @Peter Stewart on MFC - it seems to be absolutely thriving. Also, I keep trying to find something to BRRRR under $80k or so, and it seems more and more difficult to find. A lot of the homes in certain areas (Lawrence Twp, Little Flower, Irvington, Bean Creek, Christian Park, etc.) are being listed for a premium (i.e. $60k, $70k) with plenty of work left to be done to them when resale history shows the most you'd get is maybe $80k or $85k. It's crazy to think that investors are going in on these homes and truly coming out with positive cash flow or making any money at all. I have no room to force appreciation to refi out of that BRRRR.

@Anna Bielawski  Welcome to BP!  I'm in the Indianapolis area as well and just getting started in the investing world (Realtor full-time).  Let me know if I can ever be of service, and I will second what @Account Closed relayed about CIREIA.  Lots of good people and knowledge to go around.  Best of luck!   

@Steve Vaughan - I'm just starting out and we're trying to use a HELOC to jump in. Only about $80k available on the HELOC though, so I'm stuck trying to find something in a C location preferably around here. B location is hard to come by and seem to be just out of that $80k reach in some areas. Targeting a duplex since the goal is cash flow and supplemental income down the road - would invest in a SFR though too. Long term buy and holds and obviously have to force some appreciation in order to refi out and do it again. Been kind of tough and trying to stay out of war zones.

@Steve Vaughan Wow, awesome work and thanks for sharing! I'm looking to BRRRR in that price range as well to get us started in our investment adventure. This gives me hope!

Ernesto Hernandez I’m trying to find properties for the BRRRR strategy here in Indy as well, and I’m running into the same issues. I’ve been thinking that I’ve been doing something wrong with my calculations the entire time since I’ve been so far off and don’t even come close to cash flowing positive rent money after refinancing. I don’t know if it’s just the sign of the market we’re in and how crazy home prices have skyrocketed, or what the deal is.

I thought this was interesting!  Alexa now being a part of the finished product.  Amazing where things are going.   

https://www.usatoday.com/story/tech/news/2018/05/0...

Thanks Andrew Syrios !

Thanks @Ali Hashemi!  I appreciate the message!

Hi @Mike D'Arrigo, thanks so much for the reply. Absolutely, I'd love to network and connect. Would love to bounce some ideas off of you at some point. If you want to PM me, I'd love to know what areas of Indy you've had good luck with, and have they been buy and holds, flips, BRRRR properties, etc.?

Thanks for the advice, @Max Richter! I greatly appreciate it. I'll definitely use that as I move forward. It's hard enough as it is (as a Realtor) to find really good contractors, let alone trying to do a flip or BRRRR strategy. Hopefully I can stumble across some reputable, reliable contractors & PM's through our (my wife and I) networking.