All Forum Posts by: Denise Peterson

Lesson number 1:  Don't be so hesitant and waiting on others to validate my decision while others are making the move. The house only lasted 3 days on market and ended up with multiple offers over ask.

Thanks for all the responses.  I actually live in Indy and I am very aware this area and I also know this is not the "in" place was curious if investors have ever opted to be the first one.  Alora advice hit me right, how long am I willing to hold it is the question I have to ask myself.

I am looking into my first flip.  Downtown Indianapolis is a growing market, however, there are still pockets of rough spots.  Most of the investments are popping up in these sections.  I am being told to stay away from these pockets even though the comps are decent because literally you can go a block and be in a different demographic of homes buyers.   You can see an abandoned house and then one block north could see a million dollar home.  Should I risk jumping into these areas?

I was thinking of using a Hard Money Lender specifically one called Do Hard Money.  Any good or bad experience with hard lenders in general.  It almost seems too easy so I am hesitant of it. I know the obvious downfalls like cost more etc.  Anyone who does not have lots of cash or really high credit scores are used to paying more but am I missing something that isn't that obvious.