All Forum Posts by: Julius Clark

Hey everyone,

Hope the start of 2024 has been great for you! I know I have been busy thus far. 

I find that this time of year is when the most fruitful conversations about strategy and growth go on. I would love to connect with some new individuals here on Bigger Pockets. Reach out if you would like to connect!

Hey Brandon,

Glad you are getting started on your journey with real estate, congrats. 

Deciding what strategy to go with for your first investment can feel like a lot to handle. Would need more details about your plans and goals but generally it is going to be much easier to start with existing real estate rather than dealing with raw land. Not to say that there aren't valid strategies for raw land. Would be curious to see where your journey takes you!

I have heard decent things about them! They definitely have a large team. My most common interaction with them is typically taking over their management contracts, however. Would love to chat with you if you are looking for PM in Indy. 

As a property manager, I can say that 14% is high for long-term rentals at least. If it is a LTR I would not go with 14%. I can't even think of why I would need to charge that for a LTR unless I was also being a project manager for construction or something. 

You've got this Deane!

Make sure to identify what it is that you are looking for. Once you get this figured out and get the right team in place all of the pieces will start to fall into place. Getting started is scary but its all fun from here. 

The short-term market in Indianapolis has been a little over-saturated just like many other cities. It is not uncommon for investors to look for STR in the summer when booking will be high and then transition to MTR during the winter to lock in a tenant while the STR market picks back up. Hope that helped!

Hi there, 

I manage a few properties in Indianapolis. I have not been satisfied with any property management software so I am looking for alternatives. I have found software to send and receive money that I will integrate into a website but I need help with tenant screening. What software or companies would you recommend for tenant screening (background check, credit check, eviction history)

Thank you!

Hey Shirley,

Just wanted to comment on the income qualification piece. Until recently I didn't know this either, but some lenders can take your transcripts from school and use that to help your income qualify. Now you'll still need to make sure that your current income is legitimate but using your transcripts can help you with the hurdle of needed 2 years at a W-2. 

 Hey Mike, this would be pretty dependent on the property and location. Here in Indianapolis, it is typical for properties to sell about 2.5% under ask, so I like to offer about 5% under ask looking to get countered in the middle. 

Use Deal Machine!