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All Forum Posts by: Julius Taylor

Julius Taylor has started 0 posts and replied 6 times.

If anyone is still looking I highly recommend MaidThis Cleaning. They specialize in vacation rental turns and offer some pretty nice features like automated scheduling & cleaning reports.

https://maidthis.com/fishers  317-792-5524

Post: SFRs Section 8 - 46218

Julius TaylorPosted
  • Fishers, IN
  • Posts 7
  • Votes 5
Originally posted by @Harvey Levin:

@Julius Taylor I am curious if you are north or south of 25th? 

I’m just north of 25th at 25th & Tacoma

Post: SFRs Section 8 - 46218

Julius TaylorPosted
  • Fishers, IN
  • Posts 7
  • Votes 5

I own\manage a duplex in 46218 and I wouldn't consider a "war zone" at all. Although it does get a bit more sketchy heading further west towards Hovey...still though, not a war zone.

Both of my tenants are on Section 8 and I have not had any issues whatsoever. That whole process is pretty straightforward but it can be a PIA sometimes depending on who your inspector is. 

As many have probably told you, Indy varies big time from block to block. I can not speak for all of 46218 but I have never had an issue filling a vacancy in my area (25th & Tacoma). 

Feel free to shoot me a PM if you have any questions.

Try Crane Credit Union.  I believe they do 20% down

I work full time as a software developer and I also do a fair amount of freelance dev work for various businesses. So I suppose I'm a developer by day...and by night. I plan on using the funds I've been able to save up from my freelance gigs and a bit of crytpo trading to fund my REI.

Post: If you started all over again, what would you do differently?

Julius TaylorPosted
  • Fishers, IN
  • Posts 7
  • Votes 5
Originally posted by @Chris Jensen:

@Taylor Nunn if I could start over, I would never EVER buy turn-key or move-in ready rental properties even if they cash flow well. That's what we did with our single family houses. We bought in a high-demand area and as such never struggle to rent them out. And they cash flow very well. But I have a lot of my own money trapped in the equity in those homes. This is a fine option for the wealthy 1% and such, but for the rest of us 99% all it takes is buying a few properties like this and we're done. Our money is consumed in the downpayments, and that's the end of our REI path.

If I could do it all again, a) I would use the BRRRR approach over and over to maximize my available investing funds, and b) I wouldn't mess around with single family rentals but focus instead on commercial multi family.

Hope there's a nugget or two in there.  Best of luck!

That is awesome advice, thank you!