All Forum Posts by: Jose Trevino

Thanks for the reply @Dennis M. I went to go check them out and they were in really (and I mean really) bad shape... ended up passing on the deal because of the condition of the duplexes, but I’ll keep on looking and posting here for advice and hopefully land a deal before year end.

Hi everyone, this is my first post besides my introduction so please forgive me if I leave out any pertinent info. The plan is to invest full time eventually so hopefully my posts will get better as I move along on my journey. Now on to the post, I came across what appears to be a good deal, it's a packaged deal of six duplexes (owner will only sell as a package) that is being offered at $145,000. Four of the duplexes (8 units) are rented out at an average of $450 per month (FYI, all info I'm giving is per agent and has not been verified as of yet) and the other two duplexes (4 units) are completely gutted and need all work done on interior. I have no idea what the cost would be to renovate those four units but I'm going to take a look at them tomorrow, so I should have a better idea then. Also, according to the agent, the tenants that are in place now are all long term with some having been there 20+ years, and the reason for the sale is the elderly couple who owns them no longer wants to deal with them. Since I'm just starting out I want to make sure that I  am looking at everything that I need to and making smart decisions. I have roughly 30% to put down and still need to secure financing if I end up moving forward so I was wanting to get some suggestions on where a good place to look for financing would be and also any other advice that you think might help. Like I said earlier, I'm meeting with the agent tomorrow so if there are any questions that I should/need to be asking, please feel free to reply here or DM me. Oh, and almost forgot, all of the units are within a couple blocks of each other, not sure if that makes a difference, but I'm still trying to decide whether to self manage or pay a property manager to do that. Thanks in advance for any advice, tips, info...

Awesome... thanks for the link

Thanks @Matthew Davis. How’s the market up in Bloomington?

Thanks @Dalton Dellinger I’ll definitely see you there.

So i just moved to Indiana a few weeks ago from California and going to pursue my dream of becoming a RE investor. Not really sure where to start but we just sold our house so I have some capital to get started, just want to make sure I make sound choices when starting so I decided to join BP as a resource to make connections and maybe even find my first deal. I have some capital to start with and looking to acquire my first deal by the end of the year. I’m interested in single family and multi family, but I’m open to anything that shows potential. I’m also looking to fix and flip initially but hoping to move to a buy and hold strategy in the long term. Thanks for reading and I look forward to learning from and meeting you (virtually or in person).