All Forum Posts by: Steve Lehman

@Jared Fisher

I will strongly advise using @Lauren Perry. I have watched her grow her business since the beginning stages. She is well established and is recognized as one of the top investors and brokers here in the Indianapolis market. 

@Nikki Lehman

Congratulation on the flip. That does not come often anymore in Bate Hendricks. A least not at that price point. Orange Street has always been one of the best streets to flip on. 

Are in any business affiliation with Dustin Ruhl? 

@Jackie Liu

First and foremost the information that everyone has provided has been great. 

You may want to contact @Nick Giulioni and myself. We both have experience in these types of issues and we are local to the Indy market. I am Realtor and I have access to everything you would need to move forward with filing complaints with the IN RE commission and the local board. I will provide you with names and websites. I can also find out everything about this person's license in less than 10 minutes. Other than just those things I would advise that you contact the IN attorney general office. They are really starting to crack down on these types of behaviors. DM me if you want the help or contact Nick. 
 

@Jonathan Greene

This was a very interesting read. I proudly call myself a 'deal killer,' and I say that with no hesitation. As a 3rd-party real estate consultant that has no skin in the game other than what I charge, I provide exactly what you've described—unbiased, no-nonsense, and straightforward advice. Over the years, I’ve witnessed both newbie and seasoned investors get misled by various players in the real estate game, from wholesalers to contractors, realtors, property managers. Turn-key operators, etc. 

My reports don’t always ‘kill the deal,’ but they do shine a light on critical information investors may not be getting from their team. The funny thing though is while many new investors do not see the value of such services, seasoned investors often see the worth. After all, spending a few hundred dollars now is far better than risking hundreds of thousands later.

@Derek Farmer

Derek - My friend Dave Short has a Dinner with Dave meeting about once a month here in Indy. It is all about flipping. Dave has been doing this for over 50 years. He shares his past, current, and future flips. He breaks down numbers and everything. There is no pitching of any programs, coaching, books, etc. If you want more info about his meetup DM me. 

@Alex Collins

HI Alex, 

There is local REIA event on Dec 5th called CIRIEA. Here is the website

https://cireia.club/

If you can't make they have monthly meetups on the first Thursday. There are plenty of Vendors from wholesalers, lenders, insurance, title companies, contractors, etc. This is a good place to a least meet and intermingle with other new and seasoned local investors.

There is also another meetup on the same day hosted by a company called Roots Realty. This alos another great event to meet lcoal invetors. Here is a link for this one. https://www.eventbrite.com/e/december-real-estate-masterclas...

If you want to meet me I will be at the CIRIEA event. Just ask for the grumpy RE investor who enjoys kicking out squatters from houses.   

 One my friends just got done dealing with Greenfield and a multiple lot  re-zoning and permits for new builds. He did emphasize that Greenfield is a small town where everyone know everyone and they are set in their ways. This is like a lot of small towns though. He did eventually have success. 
I am going to DM you. I will get you the contact info of the people my friend used. They are local to Greenfield and it helped. 

I have heard this same thing from another investor recently. I told them to do the same thing you are doing just stash it away and wait. I also advised to continue to contact IHA and document all of the communications if there are any. At least it will show that someone put forth effort to return the money like you have been trying to do. 

It really is to bad this has happend. The system seem to be doing a positive thing throughout the years. I really hope they get it straighten out for the sake of the landlords and tenants. 

@Don Owens

HI Don, 

In case you have not been able to find anyone to help you yet. I am a local RE consultant and investor in Indy. 

I have a question, is this property located in Greenfield or Indianapolis? These are 2 different cities. 

@William Vreeland

As a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening. There has been quite a bit of complaints in the past year of IHA mishandling payments or not paying at all and little to no communication. Some landlords have not been paid and some tenants are unable to make up for the rent owed by IHA and have either been evicted or are in the process of. There has been a lot of emotional damage to both sides. 

There is a organization called Mirror Indy who, IMO, has written a couple of great articles about the IHA challenges. The articles show the devastation done by the lack or poor business practices of the IHA. 

Does this mean section 8 is bad, NO, but this can happen in any city or state.

Part 1 - 

https://mirrorindy.org/broken-housing-iha-indianapolis-secti...

Part 2 -

https://mirrorindy.org/broken-housing-indianapolis-iha-hud-s...

I have spoken to multiple investors from OOS and local about section 8 throughout the years. I have found that most have had a positive response to having section 8 tenants. Investors normally get there payments on time, most of the tenants stay for long periods of time because if they move it is a hassle for them, and since section 8 requires that the property stay in certain condition it will help keep the maintenance costs down. The negatives are what you will read in the articles. 

In the end it is about your risk tolerance.