All Forum Posts by: Gloria N Gear

Hi Kris,  I would be happy to drive you around Indianapolis and show you the transitioning neighborhoods when you come to visit.  I have 4 other investors from the Toronto area that I work with.  I will send you a PM.

Hi Yarden,

I have been an investor friendly agent in Indianapolis for 8 years now.  I also have investments myself.  I would love to have a conversation with you about the potential of the Indy area.  

@James Wise, so I am not sure which side you are arguing for.  I thought that your complaint was that sellers were not letting buyers in to do a tour and buyers were not able to do due diligence.  I was telling you how I get offers accepted for my buyers and still protect them to do their due diligence.  I have closed 60 transactions just this year for my investors using this method, and am able to get them out of the contract if needed -- not sure how that shows lack of "seriousness".  As a listing agent, I also use the same method and have closed several on that side this year as well.  There are plenty of ways to do business in this industry.  Happy to help anyone interested in the Indianapolis area.

I am an agent in Indianapolis.  If the seller wants an accepted offer on a house before bothering the tenants, I have my investor write the offer contingent on viewing the interior of the property within 48 hours and earnest money is not remitted until after viewing and approval from the buyer.  That way the seller knows my investor is serious, but no money exchanges hands until the property is completely viewed.  If it is a disaster, the investor never turns in the earnest money and we do a mutual release on the contract.  

Hi Micah -- my family is from South Bend -- I grew up about 45 minutes east of there.  I now live in Indianapolis and invest here.  (I also help out of state investors find properties here.)  I think that down here, you will find more neighborhoods that are transitioning for the better that you can add value to and get cash flow as well as appreciation.  I also personally feel that Indianapolis has a more stable/diverse economy and more inventory for investors.  But, I still have family especially in the Mishawauka/Elkhart area and know that there are good pockets up there too.  Happy to hop on a call.

I personally do both -- I like to have a dual exit strategy on my properties.  For the investors I work with, I send my flippers to certain neighborhoods (Near east side, Crown Hill, Mapleton Fall Creek) and my LTR investors to other areas (West side, Christian Park, Martindale-Brightwood) -- there are some transitional neighborhoods that work for both (Brookside, Little Flower).  Be happy to hop on a call with you to discuss further.

 Yes, would love to have a conversation -- I sent you a PM.

Hi Abdi,

I am going to to try to hop on a call with you.  I was actually working in the investor real estate space for 3 years before I took the jump and did it myself.  Now I am on property #9 (that took 5 years).  

Follow Nathan Gesner's advice.  Break it down step by step and you will feel confident to move to the next decision.  

Do you want to Flip or Hold?

If you are holding, do you want to do Long term, Mid term, or Short term rentals?

What is your comfort level on construction - cosmetic, mid-level or gut to the walls?

I also agree with him that your Property Manager is the most important person on your team.  (And I am a realtor saying that).  They are the one that is going to protect your investment long term.

Hi Abhishek,

I have been working with OOS investors in the Indianapolis area for 8 years now.  I also am a Flipper and Landlord myself.  I am passionate about learning the different areas in Indianapolis that are transitional and developing neighborhoods. I would love to have a conversation with you.

I have no skin in the game here -- I have not done any transactions with Neu Real Estate Group yet.  I have spoken with them about selling some land to them.  But like Edwin Watson -- I am a local investor/agent here in Indianapolis -- and I have also driven by their properties and they seem to be great quality.  Neu is also a reputable real estate agency with MIBOR (Metropolitan Indianapolis Board of Realtors)  I would be willing to help any of you out of state investors to walk properties and/or vett them for you and I know Edwin would be willing to do the same.