All Forum Posts by: Rodney Kuhl

@Wei Peng I ended up with a couple of contacts, but someone else got the house under contract before I could so I don't really have any contractor experience to share or anyone to recommend.

@Derek Dombeck and @Shawn Holsapple  Yeah I understand what you are saying. What @Mike Landry says it kind of what I was thinking. Just another way to get a property in my name but without having to put so much money down up front. Didn't know if that was a possibility.

I have a question regarding a possible Sub2 (Subject to) deal. If you purchase a deal with sub2 financing, are you able to re-finance the deal? I'm asking because with the loan in the seller's name, if I went to re-fi the lender would see that the loan was in the previous owner's name, but with my name on the title is this an option? This lead is in Indianapolis, Indiana if that makes a difference. Thanks in advance!

@Kat W. Welcome to BP! You can learn a lot from here and network with good people. If you have any questions as you are getting started I'm happy to help. As @Account Closed said above, I'd recommend finding some of the meetups to go to and start networking. Good luck!

@Steve Perkins Sorry I'm a little late to this thread but thought I'd chime in. There are definitely parts of Lawrence you want to avoid, which were mentioned already. I owned a property at 42nd and Arlington and I am very happy with it. It's a bit of a lower end area of Lawrence, but rent rates are pretty good in the area, and it's not really a bad area, just a little lower income. You can get great cash flow in Lawrence. You won't ever see much as far as appreciation goes in this area, but you can cash flow there all day long. Hope this helps.

@Rohan J. Indianapolis is a great market for rentals for sure. I'd also suggest finding a good property management company since you are out of state. Furthermore, I'd highly suggest you take the time to come out to Indy and visit the city and look around at different areas. Too many times investors get excited about the numbers the see on paper but don't really know what they are getting into with an investment because they didn't come out and do their due diligence

I own 3 rentals in Indy and it has been great so far. You just have to pick the right properties in the right areas and you'll be ok (with the right PM as well).

I cannot tell you which numbers on your map to focus on or what zip codes to focus on. The Indy market doesn't work that way, as there are different pockets in each of those areas that are good and bad. You're better off focusing on certain neighborhoods/streets than a zip code or general area.

You can find 10+ cap rates. MFHs are more difficult in many parts of Indy as there are so many SFHs available that people often don't want to live in a duplex if possible. Of course, there are some investors who have had success with MFHs in Indy too, but I can't really help with that.

I'd be happy to help if you have any other questions as you get started looking in Indy. Feel free to PM me with questions.

@Ethan Simcox You can definitely find potential flips in Indy, just depends on the area of Indy you are looking. Much of the city is almost too low priced to leave much room for error, but there are pockets throughout the city that could provide good flip options. As others have said as well, you won't likely find the deals on zillow or even the MLS. You'll have to figure out how to network with other investors and find off-market deals.

@Ethan Simcox Welcome to BP! I am a wholesaler and a landlord in the area. Let me know if I can be of help.

@Evan Manship Congratulations! That looks like an awesome deal. But even better, you now have a deal under your belt so it'll only be easier to move on the next one. Congrats!

@Cole U. Yeah, I agree with @Account Closed in that networking will be your best way of finding deals. Start going to the local meetups. Not only are they informative but they are also a great place to network.