All Forum Posts by: Matthew Krieg

Looks great!  Congrats!

It's happening!  My offer was accepted and I am on my way to owning a duplex in Indiana!  Now while I am waiting for the inspection and finalizing insurance and funding, I want to be productive.  I was so focused on finding a deal and doing the math that I never really looked at my needs for renting or self-managing the units.

I have some time before closing and some time while I complete some minor repairs.  I'd like to continue my research, but need a bit of focus.

My list of things to research:

• Rent (I have a real good idea, based on other homes in the area) 
• Security Deposits (Need to look up IN restrictions, if any)
• Pre-Screening Tenants
• Application (Need Document and Research Fee) 
• Background Screening (was thinking of using MySMartMove)
• Lease Agreement (Document and Reseach - this is the major one for me. Looking forward to reading opinions on yearly or month to month options)
• Accepting Monthly Payments 
• Security (Outside Cameras, New locks, etc.)

What am I missing?  What suggestions can you share specific to these items (or the ones I missed)? 

I'm off to research!

Thanks!

-Matt

I've used Black Diamond Indy in my personal residence and at my facility at work. https://www.bdindianapolis.com/ (Full disclosure I know the owners family, good people)

Mark McGarvey I assume you post the dates of these meetings here in BP regularly. Is that correct? I have a conflict that night, but am looking forward to attending some future events. Thanks!

@Shawn Holsapple  Thanks for the reading list!  I'll take a look.  

I was shocked at how many Hoosiers are on this site.  Hopefully that's a good sign for investing in Indianapolis.  

Really looking forward to diving in here.  So many alerts, so little time.

Mark Nolan - That's my first stop tonight! Just need to decide between all the different packages to maximize learning. Thanks! Sam Alomari - I plan to use all the help here I can find! Thanks for the words about Andy. I'm sure he and others will be part of the plan.

Todd Krzeminski - Thanks! They do grow up fast! Best wishes. Andy Rumple - Great advice! My plan right now is to continue my real estate education with a few more books. (The Book on Rental Property Investing and The Book on Managing Rental Properties). I'll definitely be posting here on BP and reaching out to others to discuss my first deal. Thanks!

Hello all!

I’m a 37-year-old father of two looking to find some long-term income options for college and retirement.

I have little to no real estate experience outside of purchasing two personal residences (selling one to buy the second) and my wife and her friend owned a small rental property that I helped with. It was a good learning experience, but we sold our half after a few years.

A recent discussion about this property sparked my interest and I began researching and reading, which led me here to BP. This place is magic!

I’m looking to invest in some buy and hold properties (single family, but not ruling out 2-4 unit multifamily properties, yet) in the Indianapolis, IN area.

I’m excited to learn more, network, and purchase my first rental property in 2017!