All Forum Posts by: Zachary Inman

I work with a Midwest operator based out of Indianapolis. I talk to many west-coast investors who invest with us and independently in the region, their dollar stretches a lot farther. 

It's a rough area. If you have no experience buying in a lower-income market, then you better be prepared for some difficulties along the way. 

Nice! Congrats on the deal. 

Hey Tanner! Welcome to BP. Fix and Flip is a great way to get a foot in the door in real estate. In order to secure funding, you either need to find a partner with deeper pockets, or bring the funds yourself. If your 20, I'm assuming you don't have a ton saved up. I recommend building some experience working with a general contractor or investor then start networking. 

Yes, it's difficult for new construction right now. Rising rates and constrained supply make most deals not viable and increase the risk profile. There are a lot of opportunities to build on the demand side, just not the supply side. 

Honestly, it depends on the street by street in that market. There is some resurgence happening, especially in the Irvington submarket, and appreciation will likely be good in a medium-term time frame. The operations and tenets might be more difficult through - do a thorough screen or hire a good pm. 

Nope. Even if it eats into your cash flow estimations a bit, it's still positive and you can still pull some equity out. Sounds like a win to me. 

Best thing to keep in mind is how you can add value to their lives. That's what has people think the conversation is worthwhile - what's in it for them?

If you have nothing to add, then you probably shouldn't be calling them. 

Hire a realtor

Cash flow is something you can control, appreciation is picking a good market and hoping for the best. If the deal is negative, then you greatly increase your chances of it going sideways.