All Forum Posts by: Sterling White

As @Account Closed you have to be very selective when purchasing multifamily in most neighborhoods here. 

Pleasure to virtually meet you @Chris Gerenser. 

Other than the price points what attracted you to the Indianapolis market? With more context I can further assist. I was born & raised in Indianapolis.

As others will chime in its crucial to have a reputable operator when investing from a distance. 

Welcome to the site @Peter C.! Glad to see you are making the best use of the FREE resources on this platform. 

What are you looking to achieve in this industry?

The following neighborhoods: West price hill, East Price hill, Covedale, North College Hill, College Hill, Westwood & Colerain.

What has been others experiences investing in these neighborhoods? Which area has the most upside in 5-10 years?  

It is great to hear about your experience @Tim Hamby. Welcome to the site as well fellow Hoosier.

Are you looking for top TK providers across the nation or simply Memphis? When you mention diversify is this in another market?

I believe answering those questions will allow others to chime in to further assist due to the added context.

I completely agree with @Account Closed in finding out what amenities your tenant pool cares about mostly.

In my market most landlords go with the one tone paint scheme versus we go the extra mile & do the two tone. We found that tenants love that feature & stuck with it.

Generally start with the small amenities @Brendan Reilly then work your way up from there. Researching comparable rentals helps also. 

Getting started can often times be the hardest part @Erica Crawl. What are you looking to achieve through investing, Erica?

That will help with what direction to take as a start. 

Agreed with @Brett Snodgrass. I have heard great things on the above suggested book @Cleopatra Montero.

Are you attending local real estate oriented meetups in your area, Cleopatra? 

PM me the deal @Rob Vincent I can offer my input. I personally do not buy in that forest manor area due to high turnover & crime. 

Sounds like those are good candidates @Matt Turner. I agree with @Joe Splitrock in determining if applicants produce 3x's the monthly rent of your rent rate. Also make sure the applicants current rent rate is close to what you are asking. 

A applicant with zero late payments at $600 and looking to rent your property at $1000 is something that would be concerning. I do not think this is the case in your situation.