Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs.

With time hopefully the numbers will be even more in your favor with appreciation of the property and you will have cash flow to continue to invest, also it is building equity in your portfolio that you may want to tap for opportunities in the future.

Doing some back of the napkin math and listings on Redfin right now it doesn’t look like anything listed right now makes sense from an investment perspective.

I am looking to buy my first investment property and have seen strong fundamentals in Indianapolis (job growth, population and median wage).As an out of state investor, I am looking to connect with investors/agents in the area to build further knowledge on specifics with the markets and hopefully bring business to in the future!

Your knowledge shows your experience In 2002 I founded a fund to invest in hard money loans that I originated.  

Economic factors like taxes, new investments in manufacturing, and politics is apparently driving people to states like TX and FL.

I figured DC would be a great area to invest in because it attracts tons of young professionals.

Unfortunately being in CA they will hunt you down every year and make you confirm you haven’t sold the investment property.

Congratulations on your new investment property.Cheers! 

Welcome to BP Frank and best of luck investing!