All Forum Posts by: Tiko D. Blane

@Vinnia Tjhin that's awesome. I live here and I have noticed and connected with a few out of state investors. If I can help you answer any questions about the city or be of any assistance drop me a message. I'd love to connect.

@Vinnia Tjhin just curious, how'd you pick Indiana?

@John Carpino this is awesome John. I live here in Evansville and I'd love to someday own a multiunit. Do you buy SF as well? If so what made you make the leap into multi units? Also, was the cash invested your personal funds, hard, private money etc? You don't have to share all the details, I'm curious how good deals like this one are put together. Keep killing it!

Following. Good luck!

@Nathan Beach looks like an awesome CCR!

I'm interested. What side of town are you looking to target? 

Yes I did. Sorry for the delay. That area isn't the most desirable, but it certainly isn't the worst either. But the location could be a reason that particular duplex has been on the market for so long. I'd also be willing to bet the owners will take less than $40K just to move it & they are out of state owners so that's possibly even more motivation. I'm not sure what all work is needed because I didn't read the info on it, but if there is very little work needed, the CCR would be pretty good I'd say. I"m guessing well above 10%

Hi Vinnia, I have lived here in Evansville my entire life as well as bought and sold many SFH as well as holding a few rentals. I believe you have your zip codes mixed up The 100 block of E. Powell is actually in the 47713 zip code. That block is right on the border line of the downtown area which is currently being renovated over the last couple of years. If the renovations continue (I believe they will) to push east toward that block of Powell, I can see the property values increasing. I believe there are several multi units on that block.

The N. Sherman block you speak of, the addresses are actually the 2000's, not the 200's and the zip code is 47711. That is a solid rental & even a good flip area if you can pick up a SF for a good price.  I have one about a couple miles away, but in a worse neighborhood. 

47720 is on the far west side of town, and you are correct, not as many renters in that area compared to the other areas you mentioned. 

@Michael Greene True Title. I use them all the time.

@Eric Martin Thanks. Helps a lot.