All Forum Posts by: Josh Lonnquist

Folks.  I need some help.  I'm looking for a new property manager in Indianapolis.  Can anyone provide names of people they trust?  Thanks for the help.

@Logan Allec That was the perfect answer. I will add this site to my toolbox. I really appreciate your help. thanks

I'm looking for help in determining the value of the land of my Indianapolis rentals. In order to calculate my depreciation I need to subtract out the value of the land from the total cost of the property but I don't know where to get it from. it isn't listed on my property tax statement. is there a rule of thumb I could use? My rentals are in C class neighborhoods. One property is on North Capitol Ave. and all are similar to that one. Any suggestions are greatly appreciated. Josh

Ruth, thanks for responding, I appreciate it.  I guess what I mean by "who manages" is, is there an organization that ensures that both parties are playing by the rules of the established contract?  Kind of like an escrow company, they collect all the money and ensure it get disbursed to the correct people in a "normal" purchase.  Or, is it like you said, it is the responsibility of the people involved to make things happen, like penalties and foreclosures etc......  It sounds like if I have an excel spreadsheet I'm good to go, assuming both parties agree with the spreadsheet. Thanks again.

Hello BiggerPockets people.  I am new to the real estate investment world and BiggerPockets, and I'm looking for some education.  I have purchased my first two investment properties in Indianapolis, two duplexes, working through an investment company.  So far all is going well and the company I'm working with is making the process easy.    However I'm trying to look ahead to the future and to be able to manage my own deals and property purchases.  One thing I would like to be able to do, or completely understand, is managing a deal through seller financing. In my uneducated mind, the basics are simple, the buyer and the seller determine the price of the property and agree on the financing terms, but after that what else is needed, who manages the agreed on financing etc.....

Any comments or direction are appreciated.  

Thanks, Josh

Hello, I'm Josh.  I'm a newbie investor from Portland Oregon.  I've been working in the technology industry for 20 years and recently decided I needed a career change.  I'm hoping to build a buy and hold portfolio that will enable me to do this.  I am currently in the process of purchasing my first two rental homes in Indianapolis.  I'm looking forward to connecting with other Biggerpockets members to learn from and to work with.