Investment Info:

Retail commercial investment investment.

Purchased as an asset sale in October 2019 as a buy/hold investment.

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

The PM had a plumber go to the house, incurring an after-hours emergency fee, but was unable to assess the exact cause of the issue at night, stating it's either a frozen pipe or pump issue and they need to return during the daytime to fully address.

Hi BP Family "I’m working on a 15-unit multi-family deal with strong rental & value-add potential.

I’d LOVE to be able to use BP tools for multi-family searches.  

FINANCIALS: End of January we will be 100% debt free and we have a personal emergency fund saved.

I think this discussion becomes a lot more nuanced on single family homes because they typically are situationlly turned into rentals like yours in nicer areas.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

Investment Info:Large multi-family (5+ units) other investment.