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All Forum Posts by: Jason Powell

Jason Powell has started 15 posts and replied 50 times.

Post: Flipping in Indianapolis?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

@Garrett Kuhn This video was helpful. Initially, even with the ability to hone in on zip codes on listsource and identity various trends and activity. That's what I needed.

Post: Flipping in Indianapolis?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

@Nick Giulioni I actually have not seen the show, but I'm watching now. Thank you.

Post: Flipping in Indianapolis?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

@Sam B. What are some reasons you would not flip in this market? (Just curious to know what matters jump to the forefront of your mind...)

Post: Flipping in Indianapolis?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

Where are the active areas or locations that you really like to flip in Indianapolis, in 2020 and beyond?

What specific areas and property types are selling the fastest and/or what areas do you expect to be hot upcoming opportunity markets for investors?

Post: New Investor in Indy

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

@Josh Danna Glad to see you on here Josh. I purchased my primary residence here in Indianapolis last year, after renting the same property for awhile. Excited about getting off the sidelines and hitting some short range and long range goals in real estate. I look forward to hearing more of your journey.

Post: Hunting Down Pre-Foreclosures?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19
Originally posted by @Ron S.:

Be cautious with anyone that offers you an "inside track". They may be committing a crime or at the very least, violating company/state/federal rules. If its not public information, any "list" is not to be shared with you unless you have a legitimate purpose for that information. I can assure you that YOUR legitimate purpose would not be viewed as legitimate to a law enforcement or regulatory agency. NO ONE can legally obtain a list of people behind on their payments (That's called a credit report!) without legitimate business purposes and soliciting them is not a legitimate business purpose.

Yes, there are attorneys and employees at banks (and other places) that will share that information. That doesn't make it ethical or legal. If you want "Pre foreclosure" information, go to the courthouse and get the NODs or lis pendens. Those are public but, trying to find out who's behind on their payments or otherwise in default, is not public.

Ron, you bring up some vaild points. Pulling the notice of default down at the county courthouse is an approach at the top of my list. However, in this era of social distancing, I'm wondering about the best ways to do that online... If you have any insights, feel free to share...

Post: Hunting Down Pre-Foreclosures?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19
Originally posted by @Joe S.:

People behind in payments think the government is going to bail them out. Right now they are not quite motivated overall. A lot of places the foreclosure has been halted.

The more information I gather, the more I'm leaning toward going with the FSBO-lead route... Still surveying...

Post: Hunting Down Pre-Foreclosures?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

@Michael Thompson Thanks for sharing. That seems like there's an opportunity in this specific area even more so than I thought; that is, for those who get the inside track to that list, like the ways you mentioned.

Post: Hunting Down Pre-Foreclosures?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

We know that working with pre-foreclosures can present unique opportunities to create win-win situations for the seller and investor alike.

What do you think are the best practices for hunting down pre-foreclosures (especially during this time of social distancing in 2020)? 

Online platforms, recommendations from experience, etc?

Any insights for the Indianapolis market in particular?

Post: Wholesaling in Indianapolis in 2020?

Jason PowellPosted
  • Investor
  • Indianapolis, IN
  • Posts 52
  • Votes 19

@Paul Shannon very helpful feedback. You bring up how having a good wholesaler is valuable! And I'm glad to know you point out matters like integrity and concrete examples of what not to do: like grossly underestimating rehab costs, or projecting higher values/rentals than the market will allow. Thank you!!

I'd be curious to know more about your journey in real estate and what you're currently doing. So, I'll check out your page.