All Forum Posts by: Christie Snapp

I also face self-doubt quite often...Shaun is right in saying the biggest sales job you have to do everyday is the one on yourself.
The hardest part is getting over the fear of messing up and realizing that you probably will. But that's how you learn!!
Take some comfort in Tim's comment that we're all just making this up as we go....We all have to start from somewhere!

All good points! I agree that it all depends on you're exit strategy/goals.

Bill is right, I was really just gathering opinions, but Trace, I appreciate the invitation to connect! Sounds like you are an experienced investor.

What is it you consider most heavily when deciding to purchase real estate?

-Cash Flow?
-Speed of Exit Strategy?
-Return on Investment?
-Other (please specify)?

Hi Todd,

My company specializes in helping out-of- state investors invest here in Indianapolis. It is a great rental market (renters make up 37.33% of the Indy pop.), and you can find highly discounted prices on homes. Taxes are within the bottom 5 lowest in the nation. Because of positive signs in the market (like the slowing of foreclosures), the metro area was chosen one of the top 10 investment markets in 2010...according to the Metropolitan Indianapolis Board of Realtors. So there are lots of good reasons to invest here! Get a hold of me if you'd like more info on Indy.

Christie

I was told there was a cap rate formula/calculator somewhere in the resources page, but I can't find it anywhere. Does anyone know of this and where it is?

Indianapolis, IN, and the Midwest in general, is another great market I would look into. We have worked with several people out in California. I'd be happy to help you find some good deals here.

We use Secure Property Group. They are an experienced property mgmt company in Indianapolis.

I don't believe you are breaking any rules. From the website www.ira123.com:

Self Directed IRA Business Funding

In today’s complicated economic environment, many people are opting to buy a business or franchise, or provide working capital to their existing small business. Utilizing a custom designed Business Funding IRA, you can finance a business, draw a salary, and contribute to your retirement plan with profits from the business.

As long as you are using your IRA money strictly for investments, be it a business, RE or stocks, I think you should be fine.

Hi everyone!

We are an investment real estate company from Indianapolis new to the site. We're excited to network and meet others in the industry. Looking forward to meeting you!