All Forum Posts by: Ronnie C.

I apologize that know one from the Indy area has acknowledged your question or answered it. I think it's rude frankly as this website is supposed to be a helping, friendly community. 

I have been eying Indy as well. you have great points! I'd say the locals want to keep us out is part of the reason why no one has answered? 1st thought. 

My advice would be try and find a reputable investor friendly Realtor in the area 1st and foremost. They also need to have rehabbing experience themselves, connections to subs and contractors, along with some rental experience as I'm kinda interested in some rentals eventually. Now I'm more concerned about making a living and building cash and you can only do that through flipping, not rentals. 

I've found one Realtor whom I've yet to make contact with as he seems to be heavy into rentals but can't find anything on him rehabbing. 

I'm leery of the find investor friendly agents tab as I did that with lenders last summer and my phone started blowing up within 2 minutes of hitting the button and was getting constant calls all day. It was insane. At least 20 lenders minimum blowing up my phone!  

Then I checked some of their reviews on here and they were not that great. 

Opinions vary! There are quite a few. Goin forward on your next deal, I would NEVER paint over old wall paneling. Google wall liner paper. It covers those groves of the old wood paneling and is paintable. No one will know the difference unless they tap on it. Even then the wall liner will thicken it up some. 

I agree with what you have been told about the appliances. That should always match cosmetically and be the same brand. Nothing wrong with granite counter tops. I put them in $400k plus houses here new construction. People love them. Don't see anything wrong with the cabinet in the bathroom (don't care for the color) but it should of had same matching granite as kitchen in both baths. At least that's how I do it and it always works. 

I definitely don't care for the mix of gold or brass. Unless I missed the memo, that hasn't come back yet. I do have it in my house that we built 20 years ago.  I'd have went with all stainless/chrome/brushed nickel OR oil rubbed bronze is what I have been using lately. With repose gray walls, and velvet white trim throughout the house. 

The smaller bathroom definitely should have been updated as well. 

As far as garage, and the feed back referencing the garage, that only reinforces what I have been saying for over 20 years that it is stupid to finish in garages (of course you didn't). People want a place to store their stuff AND park their vehicles. Storage at a minimum. 

I've never put a lot of stock in staging (never have and never will) or planting bushes out front. Personally I hate them and see them as creating work but then again you got to have some kinda color and curb appeal.  I'll tell the landscaper to put me some cheap colorful bushes out there and some colorful mulch as much as I hate mulch cause it attracts termites. It's cheaper. 

I would have pressure washed the driveway as well. Not that it is killing your deal but looks dingy to me. A good cleaning will make it pop brighter and couldn't hurt. 

I wish you well with it. Hope it sells soon. I can understand your concern. 

 I'm a new spec builder and rehabber/flipper in TN and southern KY. Considering the Indy area. I'm looking for someone reputable as well but I will only pay as I go as I don't and won't pay out a bunch of money ahead of the job. That's just not good business and seen to many get burned that way.  

Propwire is free and a product from Jerry Norton. Like his Flipster website, very inaccurate from the reviews I'm reading here. So FYI stay away from Flipster as well guys, unless you wanna do the free 30 day trial. 

As a former full time Realtor 20 years ago, I just keep my license now for MLS for me. I've been looking at the IINDY and other areas wondering how can I possibly do business out of state now without having to pay an agent with this new screwed up NAR BS! It's hard to trust something that's not MLS.

I tried Privy before as well. Don't waste your money. 

Following....

 Would you be so kind to share please?

 Just curious is that annual income 40x the monthly rent gross or net income?

Thanks

Thanks for the response!! I have tried some Facebook groups down there and they are ALL (so far) nothing but spam and scams, or people advertising to clean cars, etc. 

I'll try those you mentioned. Thanks! 

I have not had any luck with finding any Miami flippers but 1 and he is a little tight lipped, but seems to be a nice guy. I have not had any luck in finding a investor friendly GC in Miami with the exception of 1. I did speak to a wholesaler in southwest Fl and he said Miami is dead to us. lol. 

I have a few private institutional lenders I can use that are lighter on the rates and terms, etc. If I don't use all cash. 

I'm doubting I can find a deal there which is why I haven't asked my Realtor to make any offers, hate to waste his time. But I may call this GC back and have another conversation with him. If I like what he has to say and he will agree to work on my terms, I may tell the Realtor to get serious and find something to look at and send the GC with him. 

I love BG, have family there and do my shopping there as well. I'm also a lifetime member at the Vette museum. 

I feel sorry for all these builders paying out all that interest. If it's all cash (which I doubt for most of them) they'd be better off with their money in the bank earning 5.37% like me. You know as well as I do the longer they sit, the less they are likely to get full price for it. I'm thankful I didn't keep building.

I don't look for fed rates to decline till '25 or maybe December. A few of the Fed Presidents have been talking about rate increase. Inflation is still to strong and unemployment isn't high enough. They have no reason to drop right now. It would either be June, or December.  IF they have enough votes to raise it on Wednesday, look out! Don't think that will be the case, hope not.