All Forum Posts by: Vanessa Switzler

Thanks so much! The building is being fully gutted (down to the studs) which is why I left the cap and maintenance expenses so low. Is that unwise? The only large ticket item that will not be brand new is the roof and that’s 7 years old.

I really appreciate the insight on the neighborhood and the 1/1 units. I am going to ask the builder why he decided to convert to 4 1/1’s vs 2 2/2’s.

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Hi All,

Was looking for any thoughts/pearls of wisdom on this deal. It is a duplex that was purchased by a builder in May 2023 for 140k.  The builder has gutted and is converting to a 4plex 1bed/1 bath per unit.  He is looking to sell now at 200-220k so he can move into another project.  An additional 75-80k required to finish the rehab (all in).  

Space could be LT ($800ish) or MT ($1200-$1600 I am told as there is a market for traveling nurses in this area).  I was thinking to split the units (2 LT and 2 MT) to start and if all works out, have all be MT for higher cashflow.  The building is in an ADU zone with ample room to put a 2-4 car garage and additional 1-2 units on top in the future.  The neighborhood (Fountain Square section of Indy) is gentrifying with lots of building and rehabbing.

I am in NJ and currently have one investment property (commercial and two residential units) that I manage myself. This would be my first out of state investment. 

I'm nervous and looking assistance! Thanks so much!

Hi All,

I am new to property investing. We did a full reno on a mixed use building (2 apartments and seperate floor of office space) in Morristown and are looking to expand our “portfolio”. Would love to chat about trending areas and property types (multi-family vs single , etc). Thanks in advance!