All Forum Posts by: Kevin Srednoselac

Looking to expand my network in Northwest Indiana. Looking to connect with other investor agents, wholesalers, contractors, hard money lenders, and anyone else in the NWI investing space. Looking to add value to other investor's teams and looking to add value to my own. Primarily investing in Porter and Lake county. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $100,000

Off market acquisition, Rehabbed roughly 80% of the property to the studs.

What made you interested in investing in this type of deal?

Available inventory for distressed home price.

How did you find this deal and how did you negotiate it?

Down the Street Properties LLC

How did you finance this deal?

Fix and flip loan-not quite Hard money

How did you add value to the deal?

General contractor, wholesaler who found deal, listed as the agent and ran every aspect of the project.

What was the outcome?

Property is currently on the market

Lessons learned? Challenges?

Do not view investment properties built before 1950 on a per SF basis, look at it as a per square inch basis because every square inch will need to be addressed.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Absolute Realty Solutions

Quote from @Marko Boricich:

Hi Kevin,

I am a local investor in Lake &/or Porter County as well. Do you have a town you've focused on in Porter county?

Thanks,

Marko

Hey Marko, I like the duneland area a lot (Chesterton, Porter, Burns Harbor). I'm also looking heavily into Laporte, I feel buy and holds in Duneland and rehabs in Laporte are my focus right now. I don't have anything going on in Lake County these days, how about you?

@Eudith Vacio

Most of my investing has gone in Porter County but I did do a flip in Whiting in the last year. Where are you investing? I'm also a wholesaler, most of our inventory comes out of Porter county and Laporte.

Quote from @Anish Ramrakhyani:

Hi Kevin, my friends and I are looking at NWI as well. In fact the family and I are heading down towards Munster to start our feelers today as part of a road trip, heading further east until Valparaiso to look at all the local neighborhoods. 

Valpo is a great area to invest in, Munster is also great but Lake county seems to have higher costs. Also be sure to checkout the Duneland area, lots of potential for cash flow. Feel free to DM me with anything I can assist with. 

Hello I am a local investor in Northwest Indiana. My team is looking to build our network with other investors and specialists in the area. We are also looking to network with out of state investors that are looking at NWI. 

I am a licensed real estate broker in Indiana and I also work as a construction estimator. I am looking to expand my network to grow my portfolio. I currently work with a team and am always looking to grow the team if the fit is right or expand my network. 

Let's get some deals done.