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All Forum Posts by: Connor Mullen

Connor Mullen has started 21 posts and replied 49 times.

I'm looking to purchase a fixer upper duplex in a secondary market outside of Indianapolis. There's not many comps of recent sales in this market. (I'm looking to BRRR this property)

Looking at comps from over a year ago, some can vary 180k-200k+. Is it possible to reach out to an appraiser before you purchase and they can give you an idea of an ARV?

What would you do?

Post: Lebanon, IN rental rates and PM

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

With talking to a PM in Lebanon, I've found that $1,000/side for a 2 bed is easily achieveable. Luckily there is no demo for this project. Hopefully I can get the owner to come down on her price now!

Post: Lebanon, IN rental rates and PM

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

I'm looking to buy a duplex in Lebanon and one side will need a complete rehab. I plan to BRRRR this property, buy can't find many comps or even rental comps.

Does anyone know how much rent is/SF based on a 2bed/1bath?

Can anybody recommend a PM in Lebanon too?

Post: Short term rental management near Purdue?

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

Reach out to Jim Borthwick, www.circlecitytraveler. He is a STR property manager.

I'm not completely sure if he manages in Lafayette, but doesn't hurt to ask.

Post: Red River Gorge, KY - Airbnb

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

Does anyone here have a STR in red river gorge? Looking to buy around Campton, Slade, or Pine Ridge.

Post: Indianapolis duplex cash out refi

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

I'm working on selling my first property and wanted to refinance my other duplex. Can anybody recommend someone who can help on my refi?

Post: Vacation home loan advice

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

Does anyone know of its possible to do a vacation loan on a multifamily property? 2-4 units?

I would assume not.

Post: Networking for Indianapolis

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

Hey Ryan, good luck on your venture. Let me know if I can be of help. I own 4 units in Indianapolis and have a primary residence as well.

I'm looking to buy a 10+ unit next.

Post: Expense ratio 10-40 units

Connor MullenPosted
  • Indianapolis
  • Posts 52
  • Votes 13

@Charles Carillo Great info! Thanks for the input!