All Forum Posts by: Gabe G.

@Nadine Hylton  You are probably going to get an obvious answer here, considering it's a real estate board. With that said. I recommend both!  Diversification is good in real estate, but it's good when looking at the asset classes your money is tied up in. I would continue committing money to your 401k, and grow your real estate portfolio at the same time.

That's just my take. With that said, I did take out 10k from a ROTH IRA, to close a loan. But that's it. I still commit a decent amount of my w2 job to my 401k.

bump

Any opinions or advice?

@Dennis Tierney Is that a local credit union?  I am having issues finding similar rates and terms here in Indianapolis

Any opinions?

I have reached out to Crane Federal, however, they seem sorta slow to respond, and not interested in doing business do to the fact, I prefer to only do one or two properties at a time. They are looking for larger loans, which I understand. I am going to fill out the application at bloomfield bank and see if they are more interested.

Anybody in the Indianapolis area have any other commercial/portfolio lenders, that aren't strangled by the fannie/freddie 10 requirement?

Thank you

Being a millionaire, is not what it use to be.

However, yes, the definition of a millionaire is someone who has a net worth over 1 million.

With that said, it's still a feat. If you look at the statistics. https://dqydj.com/net-worth-in-the-united-states-z...

About 9 percent of americans have a net worth of at least 1 million dollars.

When you get up to 1.8 million in net worth, only 5 percent of americans have at least that.

So yes, it's not what it use to be, but it's still a huge accomplishment. Especially if you live in a low cost state. For example, having a net worth of 1 million in Indiana, is more impressive, and provides you with a better life, than say the same 1 million in California.

@Jack Gibson  Do you mind sharing the name of the property manager via PM that you are happy with?

Thank you. However, this is in greenwood,johnson county. They don't recommend anyone from what i am told.

I am in the process of an eviction. This eviction may require a forced moved out by Sheriff.

My question revolves around, the Sheriff has said it is my responsibility to find a moving company to take the tenants item and put them in storage.

However, call's around to 5-6 moving companies in Indianapolis, results in "we don't do that anymore"

Does anybody know how to find a moving company in the area that still does this?

Thank you in advance!