All Forum Posts by: Dillan Mamou

Are there any contractors in the Indianapolis vicinity able to do a walkthrough of a property for me? I’m willing to pay per property!

Hello, I found a listing on Craigslist for 180K and I offered 160K and they were very interested. I find it kind of strange that they were so eager. It's a foreclosure home so they need a fast closing. They wanted a 10K EMD just in case I don't perform. I'm sending someone out for an inspection. What are your thoughts because it feels kind of weird to me being out of state and my first investment home!

Hello, Im a new real estate investor looking to get into my first fix and flip property in Indiana, and would like to get more in depth with an investor personally. Just someones brain to pick at while studying the market as well!

@Heath Watson hit up lendingXpress, they charge 3.5 points up front and a 10.3 interest rate!

Hello, my name is Dillan Mamou and I'm based in Southern California. We all know the crazy home prices and cap rates in Cali, hence why I have been looking elsewhere and Greenwood, Indiana has caught my eye tremendously. I have been studying the market in Indiana for quite sometime and have got in touch with some contractors to navigate the best neighborhoods and what areas to avoid so I have a good understanding what a buyer would be looking for ( 3 beds, 1 bath, yard, schooling etc). It seems almost insane to flip a home in another state where I'm not able to see the project, but I know it can be done remotely. Being this is my first time ever flipping a home, what advice would you recommend I do? I got a preapproval from a hard money lender and I have some money for a down payment, but would like to stick with hard money. I have access to 65K in credit line if I ever need for an emergency. I Know that some hard money lenders do cover 100% of rehab costs which helps too! I'm just stuck in this decision making on whether to pull the trigger on a property in a state I've never been in before. I know people can be shady so making calls with the lender, contractor, and title company weekly is key to gaining their trust. What are some thoughts you guys have? Thank you!!

Hello, I am currently looking at deals in Hammond, Greenwood, and highland Indiana as they are great cash flow markets and the home prices are below the median. My number one challenge is getting a trust worthy real estate agent & lender out here to have eyes out for me. How am I able to create a relationship with an agent out here while being in California? hank you in advance!

I have 70k cash ready on hand. I live in SoCal where homes are a 4cap at max. Househacking seems very desirable with an FHA loan or would out of state investing make more sense. I feel more comfortable investing in my own backyard.

Hi, I have watched a webinar about syndicating a deal using other peoples money and there was very much potential to create money on the back end of the deal and front end such as being the agent of that deal as well as being the seller agent. My big question is how is this created and where would you start to build a syndicate team? Thank You!!

Let’s say I am able to get a property under contract and it’s a investor opportunity to flip this house, how can I find local investors and contractors in that state to see if they would be interested in my deal? Thank you!

I currently live in California and this market is very tough. I’m willing to buy a beat duplex or triplex using a hard money loan, but I don’t seem to find any deals at all. They’re either sold or pending. Any suggestions on what I should be doing differently?