All Forum Posts by: Skyler Southern

@Karl McGarvey I own 41 units in Muncie and picked up my brokers license to run my own deals. I'm open to having a conversation about what your looking for and how I can help.

@Hunter Wolfe RCN, Lima One and Visio offer products with limited financial information requirements. In exchange, you'll pay a higher interest rate around 7%.

Janelle, 

Have you been using Complete Property Care for your property management? Check out Jay at ViaCU in Marion for some lending options. We have been seeing 4% interest, 80% LTV, and 25 year amortization from them.

Hi Matthew, we have bought 41 units in Muncie this past year. Feel free to reach out with any questions. Although the Old West End has some really cheap homes, I would say it is probably one of the roughest parts of town.

How would you go about putting a value/offer on a 336 unit apartment complex that is vacant and has been vadilised? Repairs for each unit is approximately $20k per unit including new roofs, windows, and gutters.

@Jared Newsom Thank you for the referral! I was able to quickly get a hold of Jason and he was able to get me a policy to close on my deal. Greatly appreciate it.

@Pat Wasson Give @Jason Bott a ring. Someone referred him a few weeks ago for me and he is working diligently to get me some solid rates. I believe they have 30+ carriers? Worth the quick call or email!

@Luke Moczydlowski Which State do you plan on purchasing properties in? Take a look at this article, specifically the real estate LLC section. https://www.llcuniversity.com/best-state-to-form-an-llc/

@David Waddleton I’m a Realtor/Investor in the Indianapolis market. Born and raised in this state. Indianapolis is a great market for cash flow! Now that the summer rush is winding down, you might actually have a chance of finding a house that doesn’t have 5-6 offers with some of them being cash. Trying searching the MLS and crunching some numbers on a few properties.

I’m under contract for a property at $50k and the replacement cost is approximately $275k. Most of the insurance quotes I’m getting is around $2500. ACV at $550. The Replacement cost quotes are Much higher than I expected. This is a non owner occupied property. Are others experiencing rates in this range?