All Forum Posts by: Neil Buettner

Hello BP Community!! Thank you in advance for your input. 

I am an OS investor from CA, nearing the end of the rehab process on my 1st BRRRR property in Indianapolis!! I am currently seeking guidance and strategies on how to find the best refi options. I have used an online lending company on another property (they offer 75% ARV), but am interested in finding out if any of you have had luck with local banks, credit unions, etc.??

How do you find prospective banks that might be a good fit? 

How should you go about contacting them?

Are there any strategies to get the best rate (other than having solid credit score, which I do)? 

Any other input or strategies regarding finding the best lender on an OS BRRRR would be greatly appreciated!!

Thank you for helping this relative newbie, everyone!!

Thank you for your response @Lee Ripma!! Your PropTech tool would definitely be invaluable to folks like me. Very useful input on finish, too- I will take that into consideration. Loved your podcast appearance, too (#373). Just listened to it last week actually!! Much appreciated.

100% interested!! Thank you for providing this incredible platform!!

Hi everyone, and thank you in advance for your interaction and guidance!!

I am a long-time student of BP and a new pro-member who is investing with a partner in northwest IN (we have 1 SFH in Merrillville and looking for another in the general area), as well as actively shopping, with a local agent, for a multifamily property in Indianapolis. We are both California residents currently building our portfolio in IN.

As we have been conducting our due diligence, putting our team together and analyzing properties, we are having trouble finding reliable PM's to connect with to gain reliable rental report data for neighborhoods where our prospective properties are, in order to plug in accurate numbers into the BP calculators and cross-verify our leads. 

My questions are:

1: What resources do you use to gain accurate rental report data (vacancy rate, average rent amount, turnover, etc...)

2: What strategies do you use to gain this info from Property Managers (if that is your go-to)?

3: Are there any 3rd party services that provide this information (websites, etc...)?

4: What methods/strategies do you use to vet Property Managers from out of state?

Any and all information and guidance is greatly appreciated!! This platform and community is a GOLDMINE of information and resources!! Thanks again.