All Forum Posts by: Ernesto Hernandez

She is a con artist.

Has she re emerged? Stay far far away.

Hey Gabriel, I would suggest you track down the Indianapolis Out of State Investor group on Facebook. Lots of great resources and connections there. 

Good luck to you. 

A $60K duplex will likely be in a part of town you won't enjoy. 

Last year I sold what was a truly turnkey, full gut rehab duplex in Rivoli Park for $155K and it is still a C area. 

Hope that helps reframe your expectations on what $60k gets you in Indy. 

Just search the forums. Several documented, some extremely detailed, examples of experiences had with them. 

I referred one of my GC resources to a buddy for a 10 unit apartment in Indy as well. If you still need someone, PM me. 

Ari, objectively, I don't think you're clear enough on your criteria and that may be part of your problem. 

$25k left IN the deal after rehab and refi is not a healthy criteria. 

The purpose of the BRRRR is to leave as little cash in the deal as possible OR having significant COC returns because of it. Deals with significant equity AND significant ($250 per month net and above) aren't super common but they are out there.

Your criteria needs to be clearer.

Awesome. Great job.

Be careful getting a bunch of bids and not pulling the trigger. You will burn contractors out and get blacklisted. 

What is your criteria for your BRRRR?

How do you know when a property meets that criteria or is at least close?

Steve Lehman works on one of the most credible and reputable teams in Indianapolis. If he's giving you advice, I would take it. 

Upcoming 2 day seminar in Oakland mid Feb. Not free but I went last year and it was REALLY good. 

J Martin puts it on and a few BP show hosts were there. Highly recommend.