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All Forum Posts by: Mark Jones

Mark Jones has started 0 posts and replied 144 times.

Post: Indianapolis REI Meetup - August 8, 2023

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

signed up!  Thanks!  

Post: New Investor Looking For 1st Home Purchase

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

Hi Sumegh, as far as financing is concerned, it's easier to buy a home that you live in vs. an investment property.  It would be a good idea to use your owner occupied financing to get started.  You can live in the home for a while and then move out and let a tenant move in.  Or you can buy a double and live in one side and rent out the other.  The rent from the other side can help you pay your mortgage payment!  You could then move out of the double, and buy another home that you live in and do it all over again, depending on what your goal is as far as how many homes you want to own.  This is how I got started.  I bought a double and lived in one side and rented out the other.  Feel free to PM me if I can answer any other questions for you.  My wife is a loan officer and could answer any questions in regards to financing as well.  Good luck! 

Post: Contractor recommendation in Indianapolis

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

KLN Design  [email protected]

We have been referred to them by the roofing company that we use.  

Post: SFH - Remote Investing

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

We manage for lots of out of state investors in Indianapolis. Pictures and video can help as well as a referral from another investor that has worked with that company and has confidence and trust in their ability to manage the property.  

Post: Security Deposit Amount

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

we have had success with security deposit insurance companies like Rhino.  The tenant pays a little each month and doesn't have to pay a deposit.  The amount depends on the strength of the tenant.  The property is then insured against tenant damage.  You pick the amount of the insurance.  1, 2, 3 months rent.  Tenant loves it since they don't have to come up with a big chunk up front along with the first month's rent.  

Post: Indianapolis Agent | Looking to Meet Local Contractors / Home Service Providers

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

Hi Cullen, I'm not a contractor, but manage a lot of property and have some good vendors we work with.  I'll PM you!  

Post: Indianapolis Investing - Wanting to Connect

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

Hi Jason!  Welcome to Indiana Real Estate.  Would love to connect!  I'll send you dm

Post: wholesaling in Indianapolis

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

Are you looking to buy from Wholesalers in Indianapolis?  if so please DM me and I can give you some contacts.  

Post: Looking for an amazing BRRRR team

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

Hi Haley!  I have been investing in the Indy market for over 20 years and also manage property of other investors as well.  Let me know if I can help.  

Post: Investing in Indianapolis

Mark JonesPosted
  • Property Manager
  • Indianapolis, IN
  • Posts 150
  • Votes 59

I know a lot about the Indy market.  I'll DM you.