All Forum Posts by: Matthew Ford

I would invest in value add property. Find 133k-150k property that needs repairs and updating. Putting down 20% on 100k is using up 20-30k plus another around 5k closing fees and expenses. Borrowing the 80% of purchase and 100% of rehab. Have contractor complete repairs rent for 3 months and refinance it at 80% of you new after repair value or sell it and repeat. Focus mainly on kitchen and bath remodeling for biggest bang for the buck return on appraisal value and appeal for buyers. I would not ever use more than half of your nest egg on a single property. Try to find that property near your home so you wont travel far if something needs more attention. Good Luck and if you want more tips feel free to call me anytime.

I can help you find properties to invest in no matter the budget or exit plan. I have nationwide connection to properties. Let's connect.

I think this property is a great site to build a mixed-use space. However, the current owner wants to sell it for more than it is worth so she can make a profit and pay off the IRS lien. The house is falling apart and is an eyesore for the community. I just want to help and build something that is useful. It may not be worth the time I have invested, and I should probably move on.

I'm thinking about building a multi-family property in the Indianapolis market. I'm interested in getting some insights on the pros and cons of building a triplex versus a duplex or quadplex. I understand this is a broad subject, but I'm hoping to get a conversation going.

It seems that IRS liens can be negotiated down but how would one do this? Property Taxes just have to be paid and that is fairly direct but getting a lien released from the IRS is seeming much more difficult does any one have any experience with this type of situation. Maybe I should move on but I really like the land and opportunity it gives way to if done right.

I'm glad to see that there are no posts in this forum. I hope that continues for a long time to come. If you do have a horror story to share, please post it. Doing so will help others to not make the same mistakes and disarm scammers in certain cases. Please follow all guidelines when posting about your horror story. Wishing you all the best- Matt

I'm looking to connect with other real estate investors in the Indianapolis area. I'm not sure how I can be of service, but I'm always happy to help out. Let's talk and see if we're a good fit to work together.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000
Cash invested: $5,000

2 Bedroom 1 Bath 740 Sq Ft Built in 1942 Had recently been updated with new windows, carpet, paint and cabinets. I made some cosmetic improvements in 06/2012 with new carpet and fresh paint on all interior.