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All Forum Posts by: Dalton Foote

Dalton Foote has started 9 posts and replied 37 times.

Post: Have work but need people!

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

Hello all,


My startup has gained some traction and is now partnered with two major property management companies to complete maintenance and rehab work for but I need more people to do the work! Good problem to have if I might say so but does anyone have experience staffing/contracting on a tight deadline? I have been a pm and operations manager before for larger companies that had more capital and market presence to seek out workers but what are your guys recommendations in a smaller environment? I do know how to market on the general job boards and plan on doing so and interviewing very shortly and I do have plenty of licensed guys that I utilize but it’s been tough to find handymen or “do it all” type of guys. Just throwing this out there to see if anyone else has some innovative ideas or tricks. Thanks in advance! 

Post: Advice for Side Hustle around Real Estate

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

@Eliott Elias @Drew Sygit @Chris Seveney @Chris Webb Thanks for the advice guys! Definitely trying to put myself out there more as I have a lot to offer but it’s difficult especially with the stringent mediators on this app. Which I understand because a lot of people get spammy wanting everything in return for nothing so I guess there’s that. 

Post: Advice for Side Hustle around Real Estate

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

I find myself with plenty of spare time through the week and especially the weekend. My day job is pretty flexible on certain days and I’m always free evenings and weekends. I have been trying to find a side hustle around the industry to do. I have a background in property management maintenance and construction. Any advice would be great! Not really interested in “driving for dollars” or being a real estate agent at this point. Let me know if I can be of any service to you all! 

Post: Recommendations on CPA’s

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

@Tyler Lingle that would be great. Thanks Tyler! 

Post: CONTRACTOR HELP! Issues & advice please

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

@Monique Pett

Monique,

I have been in the industry (for other companies) here in Indy so I have seen and heard all of what you stated. I personally pay my guys more than most because of what paying them less brings. Rather pay a little higher price at first to know that it will be done right the first time and by chance if something does screw up you can trust them to make it right. I have a few guys that work for me but we do not do it all at this point because I vet pretty heavily. I have other contacts though in the industry I could recommend though. If you ever need advice pm me! 

Post: Class B Areas and growing suburbs around Indianapolis

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14
Quote from @Shankar Sridhar:

Hey folks,

I got my first property last year at Indianapolis in a Class C area. (Glad to have done it esp. after which interest rates started shooting up crazy!). 

Meanwhile, I have started to study the town closely and want to keep my buy-box focused on Class B properties after hearing many investors claim that they are tired of its problems despite its better cashflow, esp. being OOS investor.

I know places outside 465 loop are generally considered Class B, like Avon, Plainfield etc. Any other growing markets around Indy you have observed/invested at? 
Looking for some more info from fellow investors who have had success with Class B markets for buy-and-hold rentals.!

@Shankar Sridhar


Personally I have seen there is a lot of growth moving further east from Indy, but I am more so interested in the Southside. With the highway infrastructure there has been quite a bit more business and people moving south further because land is (was) cheaper. Martinsville has had a huge influx for example. That’s just my two sense however there are quite a bit of growing areas outside of the 465 loop. I work inside the loop and although there is gentrification happening in certain areas that made out of state investors flood in years ago, there are still a ton of run down areas close to downtown. I personally am looking outside the loop as competition is far less as well. 

Post: QOTD: How did you get to where you are today?

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

@Peter Mckernan


Snowball effect is real! So many different aspects of like it’s just about getting started making progress and everything falls into place with consistency. 

Post: QOTD: How did you get to where you are today?

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14

@Chris Seveney 

Love it. Plan for the long run but don’t settle along the way. Always strive to be improving and getting closer to your goals consistently! A little everyday/week/month adds up for sure!

Post: QOTD: How did you get to where you are today?

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14
Quote from @Eric Gerakos:
Quote from @Carlos Ptriawan:
Quote from @Dalton Foote:
Quote from @Carlos Ptriawan:

I'm very happy because of real estate. As my prediction 11 years proved to be right. I think real estate is great wealth creation. So I bought during the downturn at the right place and took out the money from there. Also, invest at other places for rental.

I predict from a long time ago that US will experience real estate melts up as gov. keeps printing money and giving back that money to us thru a 30YFRM low interest mortgage.

So thanks to the gov. It's not me that's smart, but the gov. that's smart enough to do so. haha....


 Carlos,


Good way to look at it! Haha very true. 


 Sorry to say, but any idiots could become a millionaire in real estate if they buy a piece of toilet land in Palo Alto in 2009 haha,no need to become pHD in real estate.

The one that I really respect in real estate is actually the value-add GP/rehabber/BRRRer and also the painter,drywaller,engineers that make this happen.


 I also "respect" the investor who didn't need to rehab, paint, drywall etc but just invested wisely and made his money while sipping a dry martini at an oceanside restaurant......


 Very true. Got to respect the people finding good enough deals that they don’t have to worry about any of that! 

Post: QOTD: How did you get to where you are today?

Dalton FootePosted
  • Contractor
  • Indianapolis, IN
  • Posts 45
  • Votes 14
Quote from @Erin Azar:

I set my sights on creating a passive income that would allow me to be financially independent from W2s, set the number and then drove every decision towards hitting that monthly income number. I took a higher paid position (leaving a job I loved) to allow greater income for buying properties. Then we would buy a property 1 at a time, fix it up, rent it out with solid cash flow and move on to the next. The journey was about 3.5 years to reach the desired monthly cash flow. Recently I resigned and leaving my W2 now. We built an Engineering business also, so now focusing on leading our engineering company and growing it as fast and steady as our property bus. Also, diversifying in our rental bus - was focused on primarily LTR through SFH and a couple duplex/triplex, MFH, but now moving to STR and MTR this year as well as a small Multi-fam unit. Previously targeted ugly houses that could be fixed up and made significantly better. That was part of my original mission too - to make the town better by giving dignity back to decayed houses. Still loving it and for the first time, I am my own boss and full time entrepreneur. It feels new....but awesome!!!


 Erin,


That’s awesome! Very similar to where I’m at. I have almost doubled my w2 income the last 2 years and I’m only going up over the next 5. Any increases in pay is all stacked away for investments and business endeavors. Having a flexible W2 job as I have right now is a huge blessing to take on side projects of creating or building a business and having ample time to dedicate to! Thanks for sharing!