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All Forum Posts by: Lukas Rohler

Lukas Rohler has started 2 posts and replied 6 times.

Post: New to Charlotte and Looking to Network!

Lukas RohlerPosted
  • Wholesaler
  • Concord, NC
  • Posts 7
  • Votes 5

Hi all!

My name is Lukas and I just moved to the Charlotte area from Indianapolis. I have lurked on the forums for a couple years, listened to my fair share of the BP podcast, and decided in 2021 to start taking real estate seriously.

Hoping to meet and network with local investors/agents/RE professionals - if that's YOU, shoot me a PM! I'd love to buy you lunch or coffee and hear what you're working on.

P.S. If you know of any wholesale-friendly title co's / RE attorneys in the Charlotte area, I am looking for reco's! :)

Post: Indianapolis Contractor recommendations

Lukas RohlerPosted
  • Wholesaler
  • Concord, NC
  • Posts 7
  • Votes 5

@Logan Sanford and @Jack Liu I am looking for a GC for a full gut/rehab as well. If you have a referral you are willing to share I'd appreciate it! You can reach me via DM or email.

Post: Newbie from Indianapolis, Indiana (IN)

Lukas RohlerPosted
  • Wholesaler
  • Concord, NC
  • Posts 7
  • Votes 5
Originally posted by @Ben Riechmann:

Welcome my friend to bigger pockets!  Zillow may not be the easiest place to find off-market deals.  If you know of a spot on there, let me know as I would love to catch something I am missing.  I lived in Indianapolis when going to U of I.  Love that town.  You may want to check out a website called LoopNet.  Investors post a lot of deals on there.  I think it's worth the money to get more listings, but others may have had other experiences.  

You have the right attitude for this.  On managing contractors, it will be getting some together when so many are busy in this crazy market.  Fear not, a friend of mine did this south of Youngstown Ohio in a popular suburb, so I am sure you can pull together a team in Indianapolis!  The key element seems to be finding a point contractor that has friends with others that want more stable work that you can offer and prove that you can offer it beyond what is going on right now.  You may want to go to local hardware stores and ask who people like to get things done and see if that contractor ever works with others or is a loner.  The guy who put together the team south of Youngstown, they are selling houses as fast as they can build them, and I am sure I don't have to tell you how much building materials have gone up.  Finding that point contractor and building a good relationship will be key, then on to some happy investing.  Maybe offer something more than pay, like a percentage if he can pull together a team for you and keep them going that would just be between you guys.  Getting those projects done and on time will depend a lot on that team.  With a percentage, he also may find deals for you.  I had guys that did that in which I rewarded them for finding me deals.  Happy investing my friend and welcome!

Thanks for the kind words and awesome advice Ben! 

Regarding off-market deals on Zillow, I meant more browsing on-market deals via Zillow. However, not sure if you were aware that Zillow does have some off-market listings if you go under 'Other Listings': 

I will definitely check out LoopNet, and I love the idea of profit sharing with contractors. Particularly with how busy contractors are right now, giving them an ownership mindset could be a great way to make sure everyone wins. How exactly have you structured those kind of deals? For example, did you give a GC +10% profit share on the whole project in exchange for managing all the individual contractors and keeping them on time and on budget? What have been terms that you have found or heard to be successful? 

Post: Newbie from Indianapolis, Indiana (IN)

Lukas RohlerPosted
  • Wholesaler
  • Concord, NC
  • Posts 7
  • Votes 5
Originally posted by @Andrew Syrios:

Welcome to BiggerPockets Lukas!

 Thanks Andrew! Excited for all the learning and awesome people I'll meet along the way! 

Post: Newbie from Indianapolis, Indiana (IN)

Lukas RohlerPosted
  • Wholesaler
  • Concord, NC
  • Posts 7
  • Votes 5
Originally posted by @Dmitriy Fomichenko:
Originally posted by @Lukas Rohler:

Hey all!

My name is Lukas and I grew up in Indianapolis, IN! I've been reading the BP forums, books, and podcasts for about 6 months, and I am actively pursuing my first deal. My strategy right now is BRRRR SFH's and/or 2-4 plexes on the near east side of Indy (Brightwood, Irvington, Warren Park, Fountain Square, and anywhere in between), but I'm open to SFH flips and/or other areas of Indy if the numbers are attractive.

My goal is to do ~$1M in acquisitions (4-7 deals by ARV) by the end of 2021, and transition into BRRRR'ing small multi-family properties in 2022. While aggressive, this is an achievable goal and will bring more interesting challenges which, personally, I find very exciting.

Right now I am looking for off-market SFH's & 2-4 plexes, contractor referrals, and networking.

Off-market deals: I've looked at on-market inventory via Zillow and off-market inventory via reputable wholesalers in my area, but inventory is low for everyone right now. I am guessing that driving for dollars may be my best bet for solid BRRRR deals with how hot the Indy market is currently. I would love to hear additional ideas for finding deals.

 Any tips/tricks for dealing with contractors and keeping them on-schedule and on-budget would be appreciated! I have a background in project management, but I don't have much experience with managing contractors specifically.

Personally, I really value building win-win relationships and finding creative solutions to tough problems. Again, looking to learn as much as possible.

Thanks for reading and I look forward to reading your reply!

Lukas, glad you joined!

Thanks Dmitriy! Very excited to continue learning from this great community as I start my investing career!

Post: Newbie from Indianapolis, Indiana (IN)

Lukas RohlerPosted
  • Wholesaler
  • Concord, NC
  • Posts 7
  • Votes 5

Hey all!

My name is Lukas and I grew up in Indianapolis, IN! I've been reading the BP forums, books, and podcasts for about 6 months, and I am actively pursuing my first deal. My strategy right now is BRRRR SFH's and/or 2-4 plexes on the near east side of Indy (Brightwood, Irvington, Warren Park, Fountain Square, and anywhere in between), but I'm open to SFH flips and/or other areas of Indy if the numbers are attractive.

My goal is to do ~$1M in acquisitions (4-7 deals by ARV) by the end of 2021, and transition into BRRRR'ing small multi-family properties in 2022. While aggressive, this is an achievable goal and will bring more interesting challenges which, personally, I find very exciting.

Right now I am looking for off-market SFH's & 2-4 plexes, contractor referrals, and networking.

Off-market deals: I've looked at on-market inventory via Zillow and off-market inventory via reputable wholesalers in my area, but inventory is low for everyone right now. I am guessing that driving for dollars may be my best bet for solid BRRRR deals with how hot the Indy market is currently. I would love to hear additional ideas for finding deals.

 Any tips/tricks for dealing with contractors and keeping them on-schedule and on-budget would be appreciated! I have a background in project management, but I don't have much experience with managing contractors specifically.

Personally, I really value building win-win relationships and finding creative solutions to tough problems. Again, looking to learn as much as possible.

Thanks for reading and I look forward to reading your reply!