![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2259696/small_1699880590-avatar-tavism2.jpg?twic=v1/output=image&v=2)
1 December 2021 | 4 replies
However, with that multitude of knowledge I've gained (and still searching and learning) my biggest concern now is after I accept the offer, relocate, and start getting paid I want to ENSURE that I dont suffer from "Lifestyle Creep" and focus all of my money on preparing myself and my bank account for getting started in real estate investing.So my question is this,Should I seek a financial planner or an accountant to help me manage my finances to achieve my goals in real estate investing?
3 December 2021 | 2 replies
It will be great to have the data for a unit to extrapolate to any building.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1964078/small_1694576394-avatar-shivamm3.jpg?twic=v1/output=image&v=2)
2 December 2021 | 3 replies
Lessons learned: - Negotiate more based on repairs if they come up on an inspection report, especially if its structured to be paid out of pocket after closing (as this lowers my Cash on cash return significantly)- Minimum cash on cash return I should be going for is 15%, 7% (Cash on cash return)-10% (cash on cash + principal pay-down) is a rate I can easily achieve through boring index funds on the stock market and likely not worth my time and much more of a liquid investment.Challenges:- House had a weird layout that made it a 2 bd/1 ba (utilizing a enclosed sun room as the second bedroom), which gives me some worry about future rents.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2306043/small_1638426012-avatar-estevonc.jpg?twic=v1/output=image&v=2)
2 December 2021 | 5 replies
What are you trying to achieve and how does real estate help you with that?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1965582/small_1694603966-avatar-shankars5.jpg?twic=v1/output=image&v=2)
2 December 2021 | 5 replies
Hi Indy Investors,Just curious to know what are the returns you are getting for a standard 30-year buy and hold properties at Indianapolis, Marion CountyI am feeling, most of them who invest here, do flips, BRRRRs to ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2223635/small_1658289765-avatar-samuelm222.jpg?twic=v1/output=image&v=2)
2 December 2021 | 2 replies
With so much data out there (ex:population growth, employment, crime ect.) how can I pinpoint one market to invest in?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2071487/small_1641056057-avatar-ericb780.jpg?twic=v1/output=image&v=2)
3 December 2021 | 12 replies
The deal made sense, because our analysis of comparable properties plus our experience in the market led us to believe that we could achieve $1,090 rents if we made some light renovations to the units.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2043133/small_1627026647-avatar-alexanderc185.jpg?twic=v1/output=image&v=2)
2 December 2021 | 4 replies
Locally getting some of the public record data is impossible to get anywhere outside of the MLS.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2283900/small_1635957792-avatar-logano17.jpg?twic=v1/output=image&v=2)
8 December 2021 | 8 replies
We pay close attention to the market and review market data through Zillow and Craigslist regularly, as in at least four times each year we put together spreadsheets on the competition on a square foot basis.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/921963/small_1696618357-avatar-stevev25.jpg?twic=v1/output=image&v=2)
3 December 2021 | 3 replies
This implies that the best use is achieved by house hacking investors.