All Forum Posts by: Tracy Bailey

Hi Jake. 
I am currently still in underwriting, as this is my first experience with a SBA loan. Nothing crazy as of yet. I will keep you informed along the way if you like? The Business plan took time. 

Tracy 

Investment Info:

Other commercial investment investment.

Currently under contract to acquire storage units near where I live. Business plan has been submitted and underwriting is underway. I have been obtaining quotes for fencing, surveillance, gravel, gate systems, lighting, ESS.. ect..

What made you interested in investing in this type of deal?

Grow long term wealth. Passive income preferred, with minimal hands on needed. I love that it is local to me and can check in as needed.

How did you finance this deal?

SBA loan

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a licensed REALTOR here in Indiana and am representing myself and my better half as buyers. So yes, I'd recommend Tracy Bailey, The PINK Realtor.

Hello Josh,

I am Tracy Bailey, AKA The PINK Realtor, and RE investor (commercial focus) here in the Indianapolis region. Currently I am on MIBOR's Economic Community Development Council where we get to learn and help fund non-profit organizations that are improving our communities. Currently Indiana is experiencing exponential growth and we do not have enough inventory to keep up with the demand. This is true for the region. I have attached a great website you should peak at for what is already set in place. Honestly, you can not go by Zillow. 1. They are only averaging estimates and not comparing similar properties/amenities. 2. Your local realtor associations are the definitive source of information. 3. Zillow is not attending planning, commissioner, economic and development meetings in each town or county. Therefore, they are not able to know what is going to happen 2 years from now, today. The items that are now happening in the Indianapolis region began many years ago. They are only NOW being talked about as shiny and new, when in reality, the projects have been in the works for a while. 

https://www.visitindy.com/meetings/why-indy/new-developments

link to the hot talks of today. Personally, the Indianapolis and surrounding areas will remain "hot and trendy" for a while as economic development is growing in the region. Hope this helps. If you would like specified market stats and growth information... that is conversation for set aside time.