All Forum Posts by: Jason Powell

As a rookie speaking, I am sure it depends on our overall investing goals, including current cashflow/income. But, my plan for 2022 is to do my first flip and acquire another multi-unit rental property. But, my duplex house-hack and rentals were probably a better choice for me based on my finances and other life pursuits when I got into real estate within the last 2 years. Good points about accounting for taxes and fees when making the decision. The BP calculators have been helpful for me. 

Other than the fact that Indiana is where I live, work, and raise a family, I think it's competitively priced and has adequate inventory for getting in the real estate investing game at a middle class level. For example: I work as a Worship Minister at a church and got into the game by investing in single family homes. I moved out of my house earlier this year, rented it out, and bought a 2-house property, moved in the front house and have a tenant in the back one, while working my job and saving. I plan to buy another 2-4 unit property next year in 2022. BiggerPockets has helped me a lot.

Hey good people! I've acquired a couple rentals, and now preparing to get into more revenue generating activity like wholesaling... (eventually want to BRRRR).

Based on current market trends, what areas of Indianapolis do you think most flippers/rehabbers are gravitating toward now in 2021? 

For a new wholesaler (who may be better able to "drive for dollars" as main initial lead generation strategy) what areas are not overly saturated that you'd recommend would be a good area to farm in this way?

What other lead generation strategy or process would you recommend for a newbie? (I've heard some mention Listsource or Propstream as well...)

 I know my site uses Webflow currently, so I suppose I can check to see if they have any forms/templates I could use... Thanks.

Thanks for that tip. 

Greetings All! 

I'm looking for recommendations (or BP vendors) who have systematized website templates that capture leads. I'd like to simply take my domain (jasonpowell.properties) and connect it to a  pre-built, customizable website that can upload my logo, highlight my properties, and capture info from buyers and/or sellers, etc.

Any thoughts?

~Jason

This video actually answered my question:

https://youtu.be/u1FpE9bISwU

This space doesn't appear to have an air vent for the dryer. Is it customary to install a dryer with no air vent (couldn't there be safety issues involved)?

I suppose an alternative would be having someone install a vent. Has anyone else come across this and what would be your thoughts about how to handle it?

@Shawn Long Thank you for the input and that tip. I happen to have an LLC already so I will plan to open up an account in the LLC's name solely for these purposes. Thanks.

I'm excited to close on a 2-unit property tomorrow, that I will move into, using the house hacking strategy. It already has a tenant in 1 unit.

I'll be moving out of my single family house and will rent that out as well.

Self-managing is taking a front seat now as I've just signed up for RentRedi and I'll send my Change of Management Letter to the tenant soon after closing.

At first, I was leery of self-managing my single family home I'm moving out of. BUT, with these online platforms (like RentRedi) I feel more confident navigating the whole process of managing.

Also, I really want to avoid some of the more hefty property manager fees I've seen, so that's my added incentive to self-manage. However, another option is to self-manage the 2-unit property I'll live in and hire a Broker P.M. to manage the other. (But, then there are those fees I'd rather keep in my own pocket...)

However, in Indiana, do you have to be a licensed agent to self-manage the properties that you own? (I saw somewhere that might be the case, yet I know several landlords who are not realtors, so thatmay be inaccurate information...)

I'm also reading Turner's book on "Managing Rental Properties" so that will help I know...

Feel free to share your thoughts!

~Jason