All Forum Posts by: Kaydn Jensen

Mike D'Arrigo Thanks for the tip, do you find that the increase in rents from the low C to B areas compensate the ROI? Do you have any areas near Indianapolis you would recommend or any that you would recommend avoiding? I appreciate your help!

Ryan E. Sounds like we are considering the same route right now and both from the Western US.I’d love to connect with you as well and talk more about your strategies. Send me a request if you’d like.

Josh Sohar Ryan E. Matt S. Thanks guys for pitching in here and thanks Matt S. for the tip about getting an experienced realtor. Ryan E. I’m like you where I’m happy with spending more to get reliable tenants, my biggest priority is simply leaving room at the end for a solid cash out refi so I can snowball the whole thing over the next few years. Josh Sohar if you don’t mind I’d love to connect with as well to hear a little bit more about what you’re doing in Indy. I’ve heard on the podcast and from reading that cash flow is obviously very important but that appreciation is where true wealth is built. That being said, what’s your opinion on the appreciation potential of the suburbs you mentioned ?

Hello Everyone, I’m a “newbie” , as they always say on the podcast, out of Orem Utah. I have some big goals for this year and plan to acquire at least two cash flowing Rental Properties. I understand that investing out of state can be risky especially for a “newbie” but my long term goals are to invest everywhere and so I want to start preparing now. I’m seeking advice on a few different states including Indiana, Florida, Arizona, and Texas based on the favorable land lord laws. I lived in South Florida for 2 years so I have an idea of what to expect in those areas. As far as the other states go I’m less knowledgeable. I’d like to employ the BRRRR strategy for long term Buy and Hold. I’d love to hear your thoughts on those states as well as the cities within the states that may be profitable or any others areas in the country that have a high ROI potential. Thanks everyone, I don’t have a great deal of expertise (I feel like I’ve only scratched surface) but I’m happy to contribute any way I can here on BP. Kaydn

Thanks guys for your advice, I'm not particularly hard pressed to buy in that price range, I simply just want to maximize ROI while of course maintaining reliable tenants in the properties. More than anything I'd like to be able to pay cash and do a cash out refi to get out the majority of my money so I can scale. If there's any areas anyone considers solid B class that fit that idea I'd love to know, thanks again!

Hello,

This is my first post on BiggerPockets. I have listened to probably over 100 podcasts by now and have finally realized that it's time I seek out help and advice here on the forums. I have an interest in Indiana and would like to ask for advice on which areas are profitable to invest in there. I would like to purchase at least 2 rental units this year and am looking to spend anywhere from 30 to 50 thousand dollars each including rehab costs. I plan to employ the BRRRR method and therefore would love to find properties around 20-25% or lower below FMV. A few areas I would appreciate your help with:

1. Potential areas to invest in.

2. Reputable Property Management Companies to work with.

3. Reputable Contractors 

4. The average home prices, what I can expect in rent, tips on property type, etc.

Any other advice you could lend me would be much appreciated. Being a "newbie" I don't have a great deal of expertise to provide but I am committed to contribute to the BP community where I can. 

Thanks!