All Forum Posts by: Dennis Weber

Good points.  Yes, only partner with family and friends that you never want to talk to again.  And communicate, communicate, and communicate with all others before entering into a partnership.

Where do you invest in tax liens? I am in the middle of moving an old 401k into a self directed "check control" IRA and planning on slowly putting it all in liens and deeds. In Indiana liens and Texas deeds to start.

If you are interested,  a couple of good books on liens and deeds are:

"Profit by Investing in Real Estate Tax Liens", by Larry B. Loftis

"Zero Risk Real Estate", by Chip Cummings

Just started reading "The 16% Solution", by Joel Moskowitz

All have been recommended by BPers

Good luck in your investments!

Two good books I read that were recommended on a podcast (sorry forgot the guy's name) were really informative. "Profit by Investing in Real Estate Tax Liens" by Larry B. Loftis and "Zero Risk Real Estate" by Chip Cummings. 

Going to Houston sale in September. 

@Account Closed the way I understand it is it is bid to 0 first year to assure first right of next years to get the full 18%. banks think annualized ROI of 9% is good. But if the bid is just 1/4% you still get a min of 5%. In other words, 0%=0% but <5% = 5%.

@Taylor Jennings @Ryan Mullin  yes, another fantabulous and informative meeting. Cool and friendly people. Thanks again!

@Kyle Craig   Just to emphasize what @Shawn Holsapple said so you know if you already didn't is Gary, IN is/was the murder Capitol of the U.S.   Maybe that is why the bank is sick of it.  If your purpose is to invest in a blighted area to make it a better place then I salute you.  

@Mike Hartzog

Good podcast.  But Indiana does it differently.  IN doesn't bid down the rate and the sales are with the county.

@Derek GendigI think we are alike. I have been researching about all I can and need to figure out how to start. Would like to go to some other counties' sales before Marion County to get a feel. I got a self directed IRA that I'd like to spend on liens. I'm going, just don't know when or where. They are all in October, I think, in Indiana.

http://www.sri-taxsale.com/    If you go to any and would like company, give me a shout.

@Chris Adams

Just curious as to your exit strategy.  It's kinda in BFE, isn't it?  Who will you market it to?  Looks like it'll be gorgeous when completed.  Can't wait to see it.  Following.

Bob Peterson

(317) 440-7498

Ain't cheap but thorough like you wouldn't believe.

@Kat W.

INREIA meets 2nd Tuesday of each month

AlpineSolution meets the following Wednesday

I don't know when CIREA meets but it's once/month

You can get info on all three of these on Meetup.com

And most importantly, an unofficial BP meetup will be later in the month.  Watch here for details.

These are great events to network with people doing, or wanting to do, what you do.

Come and start crushing it!

@Dave G.

The only association that IU Health has with Indiana University is the medical school, funny enough.  In 1997 Methodist, University, and Riley hospitals merged into Clarian Health.  After spending millions for a marketing campaign found the name was bad.  Clarian, being a teaching hospital system, wanted to exploit the association and spent millions more to change its name to IU Health (2005 maybe?).  They started building for-profit locations around the beltway and elsewhere.  Even in Lafayette!  Insured patients started going to these campuses leaving all the indigent care to the downtown campus.  This decreased the insured population downtown. The only ones doing well financially are the Northside, Carmel, Avon, and Lafayette.  The Eastside, Southside, and the one off I-69 are total flops.  The for-profits doing well can hold up the flops but this money can't be comingled with the not-for-profits.  Wouldn't surprise me if the new hospital will be for-profit.

They laid off 900 people in Dec 2013.

I think the lesson here is that you can't make money in a hospital downtown sadly. At least, currently.