All Forum Posts by: Daniel Dixon

 Thanks for the vote of confidence. Appreciate it!

It's in Haughville on 11th St. Good advice. Thanks! Really appreciate it.

@Jaron Walling It's between downtown and the Speedway. Not worried about repairs, more just collecting rent from tenants willing to live in this neighborhood.

Hey BP community!

We’ve got an Indianapolis C-class duplex that we successfully BRRRRed in 2020. However, tenants have not been great, basically late on rent and/or leaving repairs that eat all profits.

Appreciation would allow us to get out with a modest profit, but I’ve posed going Section 8 via the Affordable Housing website to my business partner. We’d have a subsidized tenant, so at least collecting a majority of the rent, and I understand that these tenants usually stay longer.

I know there is bureaucracy with Section 8 but can out up with that. 

Thoughts from other out of state investors In Indianapolis?

Thompson Appraisal Service out of Carmel Indiana did a great job for us on our duplex. 

Welcome to BP!

Partner up with someone who may have what you’re lacking on the first one or two properties. Helps to jump in with someone!

That may be your husband or you guys partner with someone in your network.

Home owner here! I don't even see it as negative cash flow, just me moving money to the principal. It's a transfer from one bank account to the "house account" (albeit illiquid for the most part) but its still my money when I sell or HELOC or the like.

I mentally contribute the income from the basement to covering all/most of the interest, insurance, utilities, and taxes, plus the tax deductions we can claim.

Great write-up @James Carlson

@Adam Rose Nice to meet ya!

Also house hacking in Denver but investing out of state.

Happy to connect and learn together!

@Anson Young Looks like these meetups haven't happened for a while. Any plans for a meetup in 2021?

Really impressive. Nice work!