All Forum Posts by: Phil DuChamp

Hi, @Tyler Wade.

I live and invest in Indy. I use a full service turnkey company that mainly focus in SFR, not Multi, a few duplexes here and there but that's about it.

Feel free to reach out and I'll give you some details.

-Phil.D.

Welcome, Zachary!

There's a lot of content to take in here!  Find what is attainable/realistic for your situation and focus on it.  At least that's what I did and it's working out so far...  No where close to financial freedom but get closer every month and have a plan that I'm on track with...  so I've got that going for me...  which is nice.

@Harvey Levin

Haughville...  

Has anyone seen this?  Found it on Mashable...  

"Buyer assumes responsibility for the month-to-month tenancy in the upstairs apartment. Occupant has never paid, and no security deposit is being held, but there is a lease in place. (Yes, it does not make sense, please don't bother asking.)" 

https://www.zillow.com/homedetails/709-Michaelmas-...

@Corey Robinson

I'll recommend PARC Property Group as well.  I just closed on my first property with them late last year and they made the process as simple as it could be.  

I did tons of due diligence on multiple TK providers and PARC was the only one who checked off all the necessary boxes.  If you're looking for a 1 stop shop, PARC is the way to go.

Feel free to PM me for details or any further questions you may have about them.

Good luck!

Wayne Grabman is who I use.

I'd be happy to PM you his info if you like.

He does home inspections and also works for the county assessors office. He may be able to add a little more insight on the property/area than a typical inspector. I think it starts at $250 and up based on the size of the home, but don't quote me on that.

 That'd be great, Matt - Thanks!

Can someone recommend a lawyer to help form an LLC?

My last recommendation is on an average of 8 days to respond to my emails and another that I reached out to has yet to reach back yet...

So long as the numbers work for you, it sounds like a deal.  TK companies know that if they price them too high they will not be able to find a buyer who is financing because the appraisal will come in too low.  If that's the case, you can walk or the TK can come down in their price.

Lawrence isn't a good area to invest in for big appreciation.  If the cash flow is there, I'd say you're in good shape.

Is the TK going to manage the property as well?

This is a good link to see if there's any referendums, in addition to your 2% bill.

https://gateway.ifionline.org/CalculatorsDLGF/RefC...