All Forum Posts by: Robert Molloy

Will be working with a hard money lender to BRRRR properties in Indianapolis this summer. The wholesaler I'll be purchasing from sends LOTS of photos of each property out to their buyer list along with ARV. Can anyone recommend a GC in the area that would be able to confirm estimated rehab costs by looking at these pictures? Hoping you all know someone there that does great work. Thanks.

Long story short:

Wife and I need to refi our primary residence to take her ex-husband off of mortgage and put my name on there.

Looking to tap into the home’s equity in the process to fund our first deal.

Is it smarter to:

Do a Cashout Refi

or

Refi and open HELOC

Thanks for your time.

Have you come across any SFHs with a small mother-in-law unit in the back, or a basement that could be finished and used as a unit? Only have to make it there for a year while you rent out the house if you go FHA.

@Zack Kosenka My wife and I are both teachers too, looking to get started investing this year. Maybe we could help each other figure things out.

I’ve sent you a connection request. Hope to talk soon.

@Alora Glaze I’m here on the west side IN near Richmond and would love to get into a local meetup. Are there any you would recommend?

As an Indiana resident I’m excited about this!

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Looking for a recommendation for a property manager around Shelbyville or Muncie, IN to send a referral to.

@Marcus McGee , here is a good place to start: https://www.thewholesalerstoolbox.com. They have some very simple contracts that get the job done. 

First time out, driving for dollars today. Found 5 vacant houses in C/B class neighborhoods and left them a letter. Trying to reverse engineer making an extra $30,000 by the end of this year. What formula are you all using? (Ex: $30,000 in 6 months = 6 deals @ $5,000 per deal, one deal a month avg. To get one property under contract a month I need to see _______ properties. To see ________ properties per month, I need to get _________ phone calls. To get __________ phone calls, I need to leave __________ letters.)

Anyone have it figured out? Even better if you have it figured out in East Indiana.