All Forum Posts by: Rodney Kuhl

@Rusty Scott

 Yeah I fully understand what you are saying and you are right on point. Just wanted to make sure it was understood what was being said. I haven't had to appeal an assessed value, but it's definitely something worth looking at when analyzing a property.

@Rusty Scott

 You are right on the 2% cap of the assessed value, but I think the issue that @Ryan Mullin was referring to has to do with properties being assessed incorrectly/poorly. There are definitely areas where houses will sell for $50k but assess for almost $100k. The 2% taxes on $100k can really cut into the cash flow of a $50k property.

@Bill Gulley

 Thanks for chiming in as well! Will definitely have to give the PHA a heads up from the sounds of it. Good to know. Thank you!

@Bradley Bogdan

 Thanks for the response! I didn't think it would be just wanted to be sure. Appreciate it.

I have a possible seller financing deal in Indianapolis that the numbers look great for. Purchase price is in the $40k range and the property is rented for $815/mo. However, the tenants are Section 8. I don't have a problem renting to Section 8 tenants, but I was wondering if this would cause any issues being a governmental program and a seller financing deal. Any thoughts?

Thanks for the shout out, @Ronald Hunt! BP has been real good to me, hopefully you've been able to use to effectively as well.

@Dustin Karns Alpine hosts a monthly meetup that I attend regularly that is very informative and helpful. They are good people for sure. PM me if you'd like and I can answer any specific questions you have or give a second opinion on any properties you are looking at. 

I have a lender who may be able to help me. PM me and I can send you his info. 

@Jeff Sprunger I own a SFR close to this area, near 42nd St & Arlington Ave and I haven't had any problems. It isn't the best neighborhood in Indy but it isn't a bad neighborhood. You can definitely cash flow in this area, though you won't see much appreciation at all. I definitely wouldn't call this the "heart of Indianapolis" though.

@Gary Freidman As @Ryan Mullin said above, the zip code isn't very helpful, as the good/bad areas change several times within many of the zip codes. This seems like one of those deals that will look great on paper, but won't work out that way. As Ryan said, 8% vacancy is going to be too low most likely for a $550 per side duplex. If you want to PM me the address or more info I can take more of a look, but Ryan already hit it on the head above. Good luck!