All Forum Posts by: Ray J.

I haven't yet, but I have seen a few interesting looking deals in Whiting that were not as expensive as usual. But every time I look at Merrillville, Hobart, Whiting, etc, I always end up back in Gary. Of course it depends on what your primary strategies are. For small (1-10 unit) residential rental cash flow BRRRR properties, which are what I invest in for now, nothing around here I see makes more sense than Gary.

I also know investor/agents who would be willing to help if you are still in need. 

@Jorge Roman PM me their info!

Thanks @Thomas S. for the reply.  I think I will go that route.  That's pretty much what I was thinking, but wanted to get the opinion of someone more experienced.

Thank you

We just purchased a very small (825 sq ft) SFR (Fix-N-Rent) in a C neighborhood with 5 layers of shingles on the roof and it has obviously been this way for at least a few years. I know you should only have up to 2 layers, some people even say only 1. Before purchasing, we got a home inspection and of course this was also pointed out by the inspector. But he also said, after walking the roof and inspecting the attic, that the roof was in great shape, other than that, and everything else appeared solid with no evidence of leaks. And it was raining during the inspection.

This is an older home.  We also got an inspection and quote from a roofer to correct this.   The numbers still worked out the way we like, so we purchased it.  Other than the roof, it only required a light rehab internally, which will be finished in about two days.  There's no question we plan to replace this roof and we have the funds, but I'm wondering if it's something we should rush and do immediately given that the roof seems to be in great shape and has been the way it is for a while.  This option would give me the opportunity to invest that money elsewhere and collect more rent, plus the new rent from this house, before replacing the roof.  The roof is small enough to complete in 1 day ,2  tops (presumably mostly while the tenant is at work), so it shouldn't disturb the tenant too much.  We'd inform them prior to lease agreement that this will happen in the summer.   Or do we need to get this done ASAP for some reason unknown to me?  

I've only been investing for about 3 years, and this is my first roof "problem", so I appreciate any insight from someone more experienced than I.

If I have an LLC with its own address, and I order something from Amazon using the LLC's credit card, is it ok for me to ship the order to my personal home address?

Welcome @Nish Ravichandran! Good to see you're starting to put things together to work toward your goals.  Especially since we have very similar goals.  Since I'm from and live in NWI, I may be able to answer some questions. A good place to meet investors and other relevant people to start building your time is at a local meetup.  One good meetup group has been mentioned and another excellent group is NICIA.org.  As always, networking is key!  

Hi @Sezuo Daudu, I'm a Realtor and an investor in NWI.  I'll PM you.

 Does this include all of NWI, or specific cities?

We welcome investor brokers at Prime Real Estate. I know a few at Listing Leaders also, as Jay noted.