All Forum Posts by: Jaspreet Baveja

Hey @Sanjay Singh, welcome to BP! I have been investing in Indy since 2017 and your strategy would be the determining factor on location and the type of house you'll buy! Feel free to reach out and I would be happy to discuss!

Maybe you can expand on what kind of properties and price points you're targeting, buy & hold vs Flip vs MTR etc? Best of luck!

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Quote from @Kendrick Molina:

I'm an out-of-state investor looking to purchase investment properties in the Indianapolis area. My goal is to network and build relationships with investor-friendly agents and experienced real estate professionals who have extensive knowledge of the central Indy market. I'm particularly interested in side-by-side 2/2 or similar duplexes.

I'm also eager to connect with local agents, and fellow investors, and attend meetups to better understand different neighborhoods in Indy. I'll be in town for a week in October and would love to meet face-to-face over lunch or dinner if anyone is available.

Looking forward to connecting!

Hey bud! Welcome and good luck! Talk to @Justin Capps - an exceptional broker in the area!

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Indianapolis, Indiana

Quote from @Guy Lavi:

Hi Everyone,

My name is Guy Lavi, and I am new to real estate investing. I’ve done my research and decided to invest in Indianapolis.

My plan is to start out by purchasing Single Family Homes (SFHs) in *C* class (and above) areas with a budget of $100K-$200K all in, with the goal of buying, rehabbing, renting, and repeating (BRRRR strategy) for long-term holds.

Can anyone provide some tips for me?

- Any special or unusual real estate rules I should be aware of in *Indianapolis*?

- What are the best neighborhoods for buy & hold in this price range?

- What are the worst areas I should stay away from?

I would love to connect with agents and wholesalers that work with investors.

Thank you for your help,

Guy Lavi

Hey Guy! Welcome to BP! Glad to hear you've decided on a market, have a plan, and budget in place! If you want to do BRRRRs, it's probably better to stick to B or better neighborhoods, as they appraise better and have a higher likelihood of getting your equity out! Also, look to work with Private Lenders on the acquisitions, fund the rehab, and then refinance within 12 months to get better CoC (Cash on Cash) returns! Best of luck and let me know if you need any realtor / wholesaler recommendations...

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Indianapolis, Indiana

I have been lending actively in the Indianapolis market since 2018, have done over 350+ deals, and used both my own, and other people's money in a Whole Note Investing scenario. Feel free to reach out and we can chat! Depending on your borrower criteria, lending appetite, and investor list, you may or may not have tremendous success! The rate market may now create a better safety-net scenario than before as well...

1 Vote

Philadelphia, Pennsylvania

Quote from @Christian Martinez:

Hey there,

I am looking to start acquiring rental properties in Indianapolis and wanted some feedback on where I should/shouldn't be looking and any other advice that might be useful. Also looking to connect with local RE Agents, property managers, lenders, etc. I am looking at single family homes that I can get for around 80K, rehab and then rent out. I am just starting out so my goal is long term wealth building through appreciation and cash flow. ROI is important but I also want to avoid unnecessary headaches so looking for at least a B-/C+ area. The 46218 zip code, specifically Martindale-Brightwood and then Near Southeast were a couple places that caught my eye as more affordable with good cash flow opportunity while still being B- neighborhoods. Looking for others opinions on these places or other areas that match this criteria. Thanks!

Christian Martinez

Hey Christian, have you had much luck yet? Have you bought anything? Let's chat! Recommendations might be different based on your plan, budget, local team etc...

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Indianapolis, Indiana

@Danny O'Hara - I have lent on about 350+ deals in the Indy market, flipped in Irvington, hold rentals on the East side and would be open to conversations as well. Thanks!

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Indianapolis, Indiana

@Harvey Levin - I just accepted my first Section-8 tenant into a 3-bed unit at $1,375/mo where the IHA pays about $1,039 / month. What are your experiences like? Would love to chat! Just got my 1st payment 12/1, which was nice!

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Indianapolis, Indiana

@Nathan R Andersen - considering the fact that they claim to be Licensed, a Private Lender and offer $10s of Millions in financing, makes NO sense! What is the NMLS ID if they're licensed? Why not plaster that all over your site? Where are the loan product details?

As a private lender with over 300 transactions myself, I can tell you that this is VERY likely a scam and will ask for upfront costs to process a loan app, and you'll never hear from them again. Beware, research, trust your gut, ask for references, and check local county recorder office website for recorded mortgage/ deed docs (usually for free) to validate the LLC/person claiming to do business! Best of luck!

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Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,575,000

Center St Lending, 2yr term, 9%, 4/25/21, 25yr amortization

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Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,300,000

Washington Cap Partners, 2yr term, 7.99%, 8/28/2021, 25yr amortization

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All Forum Posts by: Jaspreet Baveja

Jaspreet Baveja has started 8 posts and replied 126 times.

Post: Thoughts about Indianapolis

Post: Out of State Investors wanting to connect with locals in Indianapolis

Post: new investor in indy

Post: Private Money Lender

Post: Places to invest in Indianapolis & connect

Post: Looking for investing partner

Post: Anyone doing Sec 8 rental in Indianapolis?

Post: Looking to Verify Private Lender

Post: Ocean View Portfolio

Post: Ocean View Portfolio