All Forum Posts by: Roger Heiser

Dion is right about the area. I can't believe the new construction every time I go up there. My buddy owns Higgins Over Head Doors in Crown Point and he is vary busy.

No rivalry left in these bones Dion, I have been gone a long time.

I grew up in Merrillville and was there for 20 some years before moving to central IL. There are some really nice areas there, but there are also some rougher areas. I would run away from Gary since you don't live close. You say you know the area these houses are in and you are still afraid of losing money then these must be the rough areas. I would sell and be thankful for the small win and move on to the next deal.

I do think northwest Indiana would be a good place to invest. But not without doing a lot of do diligence.

Hope this goes well for you no matter your decision.

Roger

I know there are differing opinions on this subject. But being that there are yearly fees with a LLC. He recommended using that money to increase my liability insurance instead.

It would not work for me. I would never go less then 1%. If you are patient I bet you could do much better.

I am looking at a rental that already has a Section 8 tenant. If you are working in that market, tell me how it is going for you. What are the good things about it and the bad things.

Thanks

I am looking at a buy and hold house that already has a tenant. When my wife and I went to see it, the tenant was there . She told us that she had been there 3 years and that the bank owned the property. I did some research and sure enough the bank had foreclosed on the house several years ago but kept it until now as a rental.

Is it common that banks will hold forecloses as rentals?

I want to think everyone with the great advise. I did listen to podcast 38.

Marry Christmas to all

How low of a bid may HUD accept below their asking?