All Forum Posts by: Eric Brewer

 Save your money on courses. RE is nothing but math, just know your numbers ,Buy right, reno right, rent/ sell right, YES that simple LOL 

 What is a " deal flow course" ? Just go to the local forums there are deals everywhere IF you are cash. I have never taken a course, read a RE book or been ot a guru seminar and have done it all. Just get to your local meetup, or again, deals are everywhere on the local FB groups.  

Good luck 

I haven't tried them (nor heard of them to be honest) but I'm generally quite skeptical of such courses and groups. I think just reading books, being active on the BP forums and consistently attending your local REIA will be more effective and far cheaper.

@Eric Brewer That's a fair market price. We're pending at $217k for our property. At this time the east side of Indy cannot command $2k per month rent. Top end for a remodeled 3/2 SFH in a none sketchy location would be $1300-1500 per month. Our rentals our 2/1 with 2-car garages at $1150.

Rents leveled off just like RE prices.

@Eric Brewer Great question. I think what is important to consider is what your goals are for the future. Are you planning on holding these properties for 30+ years? If so I feel as though leaving the properties the way they are might make sense. That being said if you are planning on trading up in properties, it might make more sense to switch them to a SFH and sell them, using the profits for more rentals. It all comes down to what your long term goals are.

Ultimately, you'll want to break down the numbers and see which option brings you the highest dollar value. 

Hope this helps.

Eric,

I would reach out to Beau Matlock he runs The Matlock Group in Indy all around Carmel and surrounding. I send him most of my buyers who have questions about STR/LTR on both SFR and MF's. We have been crushing it lately in that area and the ARV in some places is just crazy!

@Eric Brewer We're under contract to sell a SFH with a 2-car garage on the east side. If the properties you're looking at aren't selling their over priced or have underlining issues that photos can't show.

The rental market is strong as ever. A good 3/2 on the east side will rent for minimum $1k per month. We're getting $1150 for our remodeled units. Find an apartment with a garage that's even close to that rent.... you can't. We're focused more on quality over quantity. Haven't scaled very fast but in this market I don't like over leveraging.