All Forum Posts by: Evan Manship

@Kevin Jeter  I completely disagree with @Account Closed on this. It is 100% a concern of the buyer. The buyer could be ensuring that you truly have an equitable right to the deal which I have dealt with at length, especially commercial deals that I have moved. There is no harm in that.

However, the only time the number on that contract makes sense for the end buyer to see is if you are assigning the property.  If you are double-closing, obviously you don't want to show your cards. If you are double-closing and he wants to see your right to the deal, simply scan a copy of the contract and black out the purchase price. I do it all the time.

@Eric D. One can absolutely acquire financing through off-market properties. However, most wholesalers, including myself, will not be in a position to acknowledge much less accept an offer with the red tape that comes with financing. I strongly recommend using a hard money lender for wholesale properties.

@Darren Finney I don't know Pete but I assume he works in the residential realm. It's an exciting time to be in the Springdale neighborhood. Please keep us update when you close on your lot!

@Darren Finney You'll have no problem fetching a solid pricetag for a 3/2 new build, market rate property in Springdale. I have my hands deep into the development market and know the area well. Do you have a builder in mind that you are speaking with?

Thanks for the kind words, @Ross Denman. We take great pride in what we have to offer. Would be happy to discuss with you @Brian Ewell. PM me for more info.

Hi @Ahmed Hamed

Welcome to BP. While I am very biased, Indianapolis is a very solid market for cash flow opportunities for overseas investors. As luck would have it, I am working a seller financing deal with @Morgan Nilsen, another Dubai-based investor whom has chosen to work with our group in Indianapolis. I would be happy to accommodate any requests you might have. I will PM my contact details.

Cheers from the Hoosier state!

Hi @Nathan Bellinger

My name is Evan Manship. I noticed your post on BiggerPockets regarding investing in Indianapolis. I believe that I may be able to help. My firm, Mainstay Property Group, works extensively with out-of-state and local investors whom are looking to add value to their investment portfolios by getting their hands on cash flow in Indianapolis. Our group assisted with over $2,000,000 in acquisitions for our investors in 2016 and have plans to do over $4,000,000 in 2017 alone.

Our firm has several different arms that provide a one-stop-shop for all of our clients. We offer:

Acquisitions- Mainstay spends over $10,000 monthly to identify and bring in off-market deals)

Brokerage- Our in-house brokerage team is able to leverage individual neighborhood market analysis with off-market deals coming through the pipeline

Management- An experienced property management team in place to ensure your property’s continued performance

Construction- Rehab crews that are exclusive to our group are able to identify, quote, and complete rehab on your property at the blink of an eye

Capital- Need financing for your project? Mainstay Capital offers hassle-free financing for flips, buy/holds, and wholesale transactions that may be of interest to our clients.

Mainstay is very proud to boast our coverage of the whole gamut of real estate investing. We take our clients’ time, effort, and most importantly, money very seriously. Please feel free to reach out to me directly if I can be a resource in any way to bolster your investment strategy in Indianapolis.

Hope to talk with you soon,

Evan

Hi guys,

Just curious to see who else is searching for transaction funding for their wholesale deals. I am told that wholesalers in Pennsylvania, Ohio, Illinois, etc. have to abide by crazy rules that don't allow one to use the "C" party's money to fund the A-B transaction. What other states are having this problem with title laws?

Would love to hear from wholesalers whom are having funding issues in states with goofy laws that don't allow double closings as our group is working ways around the laws to get it done.

@Chris Nordella There are many tricky areas in Indianapolis that vary VASTLY from street to street. Therefore, I agree with my brother @Clay Manship that this needs thoroughly investigated. Lots of scumbag folks pawn off trash in those areas to outsiders. 

@Chanelle Lavigne Welcome to Indianapolis. Happy to answer any questions or comments on the market or neighborhoods.

Welcome to the club @Paul Shannon. This is single-handedly the most important tool for getting your feet off the group. BP helped me immensely in my beginning stages. Learn, read, and network like a wild-man. Happy to meet up, discuss, and help however I can.