All Forum Posts by: Shawn Holsapple

Welcome @Gabe G. , It's good to see another Hoosier on the site [I live in Greenwood as well].

For me, I've found that anything with a rent of $750 or less - the headache factor goes up considerably. Also, anything built before 1940 seems to be a maintenance nightmare.

With that said, I'd rather have two solid $750-$800 rent properties than the one $1100 property. The purchase price is about the same either way and the smaller properties cash flow better.

In addition, I've moved all of my $800-up rentals over to "Lease to Own". This eliminates the property manager, and most calls, from the tenant/buyers.

For financing, I would suggest contacting CRANE Fed Credit Union. PM for the number and contact person.

I hope that helps.

@Chris Clothier I'd be glad to do a "drive by" or give you info I can on the props. I know nearly everyone on the market & I'm sure I know the company you are referring to as well.

Let me know how I can help!

Welcome @Brett Young ! It's always good to see another fellow Hoosier taking advantage of this site.

Our market is one of the best on the planet to invest right now - don't let the opportunity pass you by. I'm glad to see you are getting rejuvinated and back into this exciting industry.

@Jewell Carter yes, you are in the right place!

I've used both of these companies with great results [I've also fired over 7 other PM companies in the area as well].

Real Property Management, Larry Anderson, [email protected] or (317) 484-8444

Joshua Bangert, [email protected] or (317) 523-8452

I would suggest interviewing them both to see which is the best fit for you.

Good luck.

Welcome @Andrew Pinkstaff !

It's good to see yet another Hoosier joining BP.

If you haven’t already, please read/listen to these books ASAP!

Rich Dad Poor Dad

Rich Dads Cash Flow Quadrant

Rich Dads Increase your financial IQ

The Real Book of Real Estate

The ABC’s of RE Investing

The ABC’s of PM

Rich Dad RE Tax Advantages

The E-Myth

The 4 Hour Work Week

http://flip2freedomacademy.com/ - free e-book

Flip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!

BiggerPocketsPodCast

Wholesaling101 You Tube Channel

Kent Clothier - Memphis Invest channel

@Account Closed I have direct access to several turn-key SFH in Indianapolis that fit your needs. Average price is $55k-$60k. They are occupied and have had recent rehabs.

Inventory can be limited at times but somewhat stable considering we in very active investor area and sellers market.

I also currently have 5 NPN for sale for Indianapolis properties as well.

Please let me know if you'd like more info.

Aloha @Jack Richards !

I work with several investors from the islands. I can point you the right direction for anything Indy related.

I have access to turn-key and/or as-is SFH.

Please let me know if I may assist you with any questions you may have.

@Richard F. I deal with this everyday and have yet to find a good solution. I usually go through [fire] 5-10 contractors annually. They're fine for a couple jobs and then they suck.

I've found that around $20-$25 per hour gets me a "decent" handyman that can tackle just about anything. I don't let them do drywall finishing or paint. I hire people that only do this, since it's an art and can make or break how your finished job looks.

I've had some success using Craig's List "Labor Gigs" ads. I provide a scope of work, time frame, and what I will pay. I then have them go to my favorite big box lumber yard and get the materials using my account. I track the materials and check in on them daily. It's more work but seems to work out okay.

Now for someone like you that is out of State, that's going to be tough. A "good" property manager can usually help out with this. Of course finding a good PM is like finding a good contractor...

Welcome @Daniel Mieldazis it sounds like you're on the right path! Indy is a great market to live and invest in.

If you haven't already set some aggressive goals, here is a great podcast that will point you the right direction. The first half, like all of his podasts, discusses wholesaling. The rest is about agressive goal setting. I followed this method in 2013 - it worked amazing.

Good luck.

Welcome @Terri Snider !

I've been to the last two FB events [I was asked to leave the 2nd one..for "networking" - They knew I wasn't going to buy their programs].

I think it's well worth the $200 for anyone that's just getting started. I picked up a few nuggets of information and a TON of leads. I met 2 private lenders and sold several wholesale deals from the event.

WARNING - The instructors are professional seminar sales experts and they make it very tough to say no to their over priced programs! I was expecting it to be a sales fest and chuckled to myself as I seen the instructor bring the crowds emotions up and down over and over, following the sales techniques to exactly [I've been in sales 20+ years and I still wanted to whip out my credit card].

Unfortunately, one of my fellow broker attendees fell pray to their methods. His "system" is still setting on his bookshelf over a year later...He could have bought a house for what he paid!

With that said, I still encourage people to attend. Don't be shy and network, network and then network some more. Once the instructor finds out you are a Realtor, he will call on you and this helps get people to come up to you during the breaks. Since I was/am a REO specialists, I was his go to guy all weekend and it was great.

Good luck and remember to say NO when they ask for the sale!

Note: a easy way to get the follow up calls to stop is to ask the person calling you from the call center how long they have been working the FB program. Of course the asnwer is never or I don't have it. I asked them why and grilled them over it. Needless to say, they never called back.