All Forum Posts by: Jim Tannehill

Welcome to the site! Norhtwest Indiana rental market can be great if you are smart about it. the taxes are lower here which if you do things right you should be able to cashflow more. Also there is a large demand for rentals here as the rents are cheaper than Chicago (because of property taxes) so people move here all the time from Illinois. There are some good rental markets here where you can be all in for 60k to 70k. Hopefully this information helps.

We buy the bulk of our houses off of the MLS. We've talked to different wholesalers in our area and we're even members of different sites like myhousedeals but we've found the bulk of our deals from looking on our MLS. @John Mathewson would be able to answer this a little better than myself.

Nick Feliciano what were your results with myhousedeals?

Nick Feliciano who do you use?

@Account Closed has some good contacts in that area I believe.

I believe @Account Closed has some good contacts there.

@Tony Ibarra has done some good work for us in the past.

I have found the best way to control costs is to have a detailed material sku sheet. For every property we have, we complete a sheet that has over 160 different materials that we plan on using on the house. We take the time to fill them out as accurately as possible so we pretty much know what we are spending. As long as you do your due diligence and take the time to try and break everything down, you shouldn't have too many surprises on that end. Then all you'd have to worry about is controlling your labor cost.

@Tony Ibarra does some solid work.

This is a pretty good checklist! I use a similar one when walking through our properties.