All Forum Posts by: Greg Carrier

@Yonatan Weic  North Central  It's a large area but we've bought from Garrett Indiana to the east to LaPorte to the west.  We do a little in Michigan right accross the border too.

@Dennis M. I own a bunch of single family homes and I never run out to fix anything. And my ROI's aRe as good as anyone's. You just have to buy right. We do options as well but it's not like we don't have to go get those houses at the end of the option from time to time and fix everything because the person who thought they were going to buy it Did absolutely no maintenance.

@Brandon McBride  North Central.  We have purchased houses from as far west as Michigan City and as far east as Garrett Indiana.  Lots to pick from and lots of action in real estate in NW indiana as lots of chicago area commuters.  It is just a little far for our crews to drive that distance.

@Jonathan Watt It doesn’t matter what class of property, that would be a hard pass.

I am there now (2019 FHL) and it has beenigreat!  The amount of content you get for this amount of money is way way worth it

We have 30 rentals in Indiana all in the 50K range and do very well with them.  Don'y believe the people who tell you people in lower neighborhoods are bad tenants.   There are good  (and bad) people in every neighborhood.

I'm fine with partnering on flips, but would not recommend doing so on long term hold properties.  Things change and people change.  I even know examples of where siblings no longer talk to each other because of joint property ventures/ownership.

A few points you might consider.  1.  To @Ned Carey 's point above there is an excellent chance you don't owe that mortgage being as this went through tax sale.  I know of know state where a mortgage survives a tax sale.  Two.  No worries on a quit claim.  We own a ton of houses with only quit claims.  The only issue is when seeking financing but you can quiet in most states for about $1,000 is it is not contested.  And the people who actually run the bank will not contest if it has gone through tax sale.  I can't guarantee that but we have done dozens of these houses.  Finally how about looking into introductory credit card deals with zero interest for a year or 6 months just to give yourself breathing room so you can make a decision going forward.  You can probably get one for attorneys fees to quiet the title and than get better financing when it is done.  With your rental number if you can work through that your house makes sense as a rental even if you spent more than you should have.  Message me if you want to discuss.

I'm in the St Joseph County one today and surfing the net between batches ending.  I have three so far!  Yay!

I buy in north central Indiana so another hour east and never depend on appreciation.  It's only a cash flow play here.  If I get some appreciation some day great, but it is not considered in any of my analysis.