All Forum Posts by: Jason Gott

Hey Blake,

I don't deal directly in Indianapolis, but some of the banks I use for refi's are the smaller ones like Hoosier heartland or Tri-County bank both of these banks are located in Montgomery County which is West of Indianapolis.  There is also North Salem State Bank but I have not personally used them...Yet.  Rates are currently 5.5% 15 yr., no prepayment penalties. 

Hope this helps you out.

That looks awesome man Congrats!  Hope you sell fast, can't wait to see what else you put on here!

So I just had a call from my plumber,  I asked him to go check out a water leak on a home that I am selling under contract.  Now before everyone jumps on me about, "If you sold under contract why are YOU making repairs?". One, I'm a nice guy (for the most part). Two, they just bought the house from me and I literally just got it the day before and didn't get the chance to make hardly any repairs. I felt justified (nice guy).

Here's how it all went down.

I went to the house before because the new owners said there was water in front of the sink and they are not mechanically inclined at all.  I found the dishwasher was leaking, so I pulled the dishwasher out, pulled the part off, showed them the part number and even sent them a link to the part ($30).

A few weeks goes by and again they called and said the floor was still wet and that they fixed the dishwasher!  This is when I called my plumber to have him check.  He called me soon after and said, "The dishwasher was still leaking, but the owner told me he fixed it, he's not sure how it could still be leaking!  I checked under the dishwasher and there it was, the most glorious attempt to fix a dishwasher I have ever seen!  FLEX-SEAL!".  No lie, the new owner flex sealed the entire underside of the dishwasher!  HAHAHA!  Well at least he tried.

If you've got an interesting story post it here so we can all get a good laugh or an AHA! moment.

I'd be surprised if you went to HIS commanding officer (Major, commander, Colonel), that they wouldn't MAKE him fix his wrong doing.  I may be wrong on this.  As far as the public shaming I agree with the majority here.  Do unto others, even if they screw you keep doing what's right.

Hello BP.  Maybe you can help me find a local investor friendly broker who can help me find and fund some deals.  I'm still new to the game and will probably ask so many questions your head may literally explode **Exclaimer- I am not responsible if your head does explode**

I may also be looking outside of Indiana.

If you know someone who you would use please contact me.  Thank you

@Joe Splitrock

I think my plan of attack will be to offer low originally and if they do decline I will raise the price the ask for seller financing.  I also like the 70-75% Conventional to 25% seller or my DP/or both.  I am doing some more due diligence on the property to see if there is any unforeseen problems.  The property has been on the market for almost a year and it's owned by an older couple, so my guess is they are just wanting out of the game to retire somewhere warm. 

Holy Crap @Costin I.!  I have thought of several of those things, And several I haven't, but the main thing is the partner will basically just be a "Lender" and I will do all of the grunt work.  We are planning on sitting down with my lawyer and also my CPA to come up with a plan but several of these questions I will be copying and taking to him so we can come to an agreement.  Thank you.

@Will Fraser

That is "IF" I can get the sellers down to $211K.  But like other responses have been it's highly unlikely that the owners would drop that much.  I know the old saying of, "You don't know what the sellers are willing to do, all they can say is NO"

@Bob Malecki

Thank you so much Bob, this has cleared up a lot of questions for me!  I'm excited at the new possibilities but also pretty nervous.  I hope to keep you updated on how it all went for me.