All Forum Posts by: Adam Gerig

We Hoosiers are taking over!! Welcome @Mattie Cahill

Welcome @Mathias B. you've come to the right spot!! Like some others have said I also like the Midwest!! Lots to take in take your time and if you need any help feel free to drop me a line!

Welcome @Khanrad Wilson !!! Another Hoosier we are taking over!! :)

Our market here is typically 6%. 3% buyer broker & 3% selling broker. Now it's always a point of negotiation I've seen where they throw in extras for buyer's agent just to get the thing sold, but I'd concur that I think 8% is really high(and that's coming from a realtor!!)

I'd agree with @Engelo Rumora on Indiana!! Although I may be a little biased :) Fort Wayne has been really good to myself and a couple of BP'ers here that have chosen to invest here too!!

Welcome @Sunny Verma

You've come to the right spot!

@Mark Bradford

I would have to concur with everyone else love Grand Haven!! Beaches are beautiful and lots to do. We do our yearly man trip there to reconnect with all my high school buddies and it's always a good time!

@Shawn Holsapple is 100% right. I would do a lease w/ option to buy for 3 year term if they need more time than that just chuck the contract at end of year 3 ask them for more option monies. If this is the property I'm thinking about I can refer them to a mortgage person that might be able to get them in a position to buy depending on where they are credit wise.

If you need anything you've got my info!!

I am the listing agent on this property would be a great investment opportunity. New water heater put in within last 60 days.

I use the 50% rule almost religiously and since i've now been through a number of deals it's pretty easy to factor in what is it and isn't a good value. For a newbie my main concern is the stuff that's going to be big chunks out of your pocket (furnace, foundation, roof,) If those are things you think are in pretty good condition then it makes it pretty easy if not you want to factor in replacing those asap and price that into your offer.

I make a lot of offers and a lot don't get accepted lol, but I always try to put myself in the best position in knowing what I know. I still miss things a lot of things, but I've come to get a good grip on what I should be looking for that's going to be big $$ out of my pocket and factor those into my offers. If you're cash flowing $500 on single family homes financed I want to see what you're buying!!!