All Forum Posts by: Jacob Deacon

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $209,500

This was an investment my investor paid for. My experience and the fact that I found the deal was my split in itself. My investor will split profits 50/50.

We bought the house for $209,500, it appraised for $220,000

What was the outcome?

We got 16k toward repairs

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would work with Jacob Deacon. Guy finds the best deals!

In the realm of real estate investing and in life, the allure of waiting for the perfect time to strike often tempts many individuals. Dreams of landing a grand "home run" deal can be captivating, but it's crucial to recognize that such opportunities are exceedingly rare. As a seasoned professional in the industry, I advocate for a different approach. Instead of holding out indefinitely for the ideal moment, consider the power of starting with smaller wins—a single or a double—when it comes to real estate investments. By taking action and gaining valuable experience, you open the door to continuous growth and progress in this dynamic market.

The truth is, the perfect time for real estate investing may never manifest. Market conditions are ever-changing, and delaying action in pursuit of an elusive moment can lead to missed chances and a stagnant portfolio. Embracing the philosophy of getting in the game, making well-informed moves, and learning from each investment is the key to success. Even if you encounter setbacks, each experience serves as a valuable building block for your real estate journey. So, let go of the misconception that the right time is just around the corner. Instead, embrace the world of real estate investing, savor the learning process, and watch how swiftly you grow with an action-oriented mindset.

The West Side of Indianapolis offers a promising opportunity for buy and hold real estate investments due to several factors. Firstly, the area is experiencing significant economic growth and development, attracting new residents and businesses. The expansion of local industries, such as manufacturing and logistics, creates a strong job market and increases the demand for rental properties. This steady influx of people seeking employment in the area ensures a reliable tenant pool, reducing the risk of prolonged vacancies.

Additionally, the West Side of Indianapolis boasts a range of amenities and attractions that make it an attractive place to live. The region features excellent schools, parks, shopping centers, and recreational facilities, enhancing the quality of life for residents. Such amenities are highly sought after by families and professionals looking for long-term rentals. As a result, the demand for rental properties remains consistently high, allowing investors to secure reliable rental income and potentially increase property values over time.

Furthermore, the rental rates in the West Side of Indianapolis are generally favorable for real estate investors. While property prices may be lower compared to other parts of the city, the rental demand remains strong. The affordable cost of living in the area, combined with the economic opportunities it offers, makes it an attractive destination for individuals and families looking for affordable housing options. As a result, investors can achieve a favorable return on investment through consistent rental income, and the potential for appreciation in property values makes it an even more lucrative long-term investment opportunity.

Overall, the West Side of Indianapolis presents a compelling case for buy and hold real estate investments. With its growing economy, desirable amenities, and favorable rental rates, the area offers a promising environment for investors seeking to establish a profitable real estate portfolio. However, thorough market research and due diligence are essential to identify specific neighborhoods and properties that align with an investor's goals and risk tolerance.

The 1% Rule Example

Purchase Price: $150,000

Rents out for: $1,500 

This is an equation for cash flow for investors to help ensure they won't lose money on a property

Hello, I have a client that understandably would require an inspection while under contract for a potential flip. Can anyone suggest or reach out with options? 

Indianapolis is a competitive market for rentals, and finding properties that meet the 1% rule can be challenging. However, based on my experience, I have found that there are some great options for rentals in Beach Grove and the West Side. These areas have competitive rental rates, which can help investors achieve better returns on their investment.

While finding properties that meet the 1% rule may be challenging, it is possible to do so by getting your foot in the door early. By offering early and being proactive in your search, you can increase your chances of securing the property for your client.

To stay on top of the market, it's important to check for new listings constantly and be ready to drop everything for work to see a property. This level of dedication and attention to detail can make all the difference in finding the right rental property for your client.

In addition to finding the right property, client care is key to building long-term relationships with your clients. By working quickly and giving your clients every opportunity to get the house they want, you can create a positive experience that will keep them coming back to you for future investment opportunities.

Overall, while finding the best rentals in Indianapolis may require some effort, there are great options available for investors who are willing to put in the work and be proactive in their search. With the right strategy and approach, you can help your clients achieve their investment goals and build a successful rental portfolio in Indianapolis.

Starting a real estate business can be both exciting and overwhelming. There will be challenges and obstacles along the way that may make you want to give up. However, one thing I've learned since becoming a realtor and investor is that bad times don't last forever. If you keep moving in the direction you need to go, you will soon find your way out of the fog.

The key to success in real estate, as in any business, is to learn from your mistakes. You will undoubtedly make errors along the way, but it's important to view them as learning opportunities. The more mistakes you make, the more you will learn, and the better equipped you will be to handle any future challenges that may arise.

One of the most challenging aspects of running a real estate business is making tough decisions. It can be tempting to take the easy road, but sometimes, the decision that detours people away from their goals is the very one that will lead to success. The feeling you get when you are at a crossroads and have to make a critical decision is daunting, but it's also where you have the opportunity to become unstoppable.

It's not easy to run a real estate business, but if you can recognize that feeling in the moment and make the right decision, you will be well on your way to achieving your goals. Remember that success is not always a straight path, and sometimes you have to take detours to reach your destination. But if you keep moving forward, keep learning from your mistakes, and make the right decisions, you will inspire others and achieve your dreams. So go out there and be unstoppable!

Hello Friends, 

As a rental investor who prefers to manage their own properties, finding the right tenants can be a daunting task. However, with the help of software like Turbo Tenant, the process can be made much easier and efficient.

Turbo Tenant is a free software that allows landlords to screen potential tenants for their rental properties. The only cost associated with using the software is a $45 fee that is paid by the tenant to cover the cost of the background check, credit report, criminal history, rental history, and income verification.

Using Turbo Tenant is simple and user-friendly. Once you sign up for an account, you can create a listing for your property and start accepting applications from potential tenants. The software will prompt the applicants to fill out a comprehensive application form, which includes all the necessary information you need to make an informed decision.

Once the applicants have completed their application, Turbo Tenant will run a background check and credit report, and verify their rental history and income. All of this information is then presented to you in an easy-to-read format, which helps you evaluate whether the tenant is a good fit for your property.

One of the most significant benefits of using Turbo Tenant is that it saves you time and money. You don't have to spend hours sifting through applications or conducting background checks. Instead, the software does all the heavy lifting for you, so you can focus on other aspects of your rental business.

In conclusion, as a rental investor who prefers to manage their own properties, Turbo Tenant is an excellent software to help you screen potential tenants. It's free to use, user-friendly, and provides you with all the information you need to make an informed decision. So, why not give it a try and see how it can help you manage your rental properties more efficiently?

Hey Steven, so one thing I've learned in this business is that it's all about who you know. I've helped clients feeling the same doubts that you and your fiance are feeling and I've had 2 lenders out of the dozens I've spoken with that were able to help them out. 

Also, my first house was a house hack as well and It has been the best investment I've ever made. I would love to be able to give you insight and help you with the process.

You have my number ;) text me boss would love to connect you with these poeple!

Hello Pace/Noah's account, as you are aware, seller financers don't appear out of anywhere. With that being said, how do you best find people that are willing to finance themselves?