*Hibid.com is online local auctions that you can bit on and then drive to pick up your purchases.

However, I wanted to start meeting and networking with the local Real Estate Investment community.

For years we had a local chattel lender who took on higher risk loans for those without the large down, not super high credit, and on older homes.

I continue to be flabbergasted at the local politicians who pass all these tenant friendly laws creating mounds of paperwork with a myriad of details and are surprised by why there are more evictions.

Yeah, I wanted my first property to be fairly turnkey mainly to learn some of the processes, build connections with local contractors, and mainly build confidence/momentum for future deals.

I wanted to see if there was anyone local to Purdue University that is involved buying or selling real estate.I am an electrician with backgrounds in mechanics and control systems(more information in my profile) and id be more than happy to share my skills in return for mentorship or just to network.Otherwise I was wondering if there are investors in this area (Tippacanoe and surrounding) that could shed some light on this area regarding how difficult it may be or areas to stay away from. 

It was not producing a return that justified the effort and this was a purchase made prior to the recent rate hikes and the crazy appreciation from 2012 to 2022 (so its return was better than if the property was purchased today).I do believe a local investor should do better than an OOS investor, but it starts with accurate/realistic under writing.  

@Kevin S.Yeah I mean, maybe... in my experience permitting has everything to do with local governments being able to increase your taxes for each and every improvement.

I reached out to a local bank that knew the property, and asked for the commercial lending department. 

Contacted local DSCR loan officer and was told the best rates would be 7.325% with 30% down and that’s with two points.