Right or wrong, those reasons were our motivation for looking at MF property.What we ended up buying was a package of 18 one-bedroom condos in a city nearby my workplace, from a landlord who had accumulated them in blocks over the past 20 years, paying $400k for the package.

I am not.Sellers seem to be liars.I am discovering after all this time in mortgages and being a home owner that I know nothing.I am break even on my home but the neighborhood sucks and any money I put in to improvements at this time could not be recouped at sale.I am looking to learn.I can offer extensive knowledge of mortgages so feel free to ask.I know Indianapolis well and currently sit on two improvement/development boards and serve as my neighborhood block Captain and Vice President of Riverside Civic League.Thank You,Aleks Gifford NMLS # 157855 1st Signature Lending LLC NMLS # 27820 (Inserted for legal disclaimer not as an advertisement.)

Block out a month on your schedule and enjoy.

The other is undergoing rehab currently and should be done within the next 2 weeks.Thanks again to the BP community, I can say that I could have done it with out all of your help, but it would have been substantially more painful and expensive.

They are a little more painful but a better bang for your buck. 

As much as I try to avoid to Indianapolis, I do have a property in Eagledale 46224 and it is a solid performer but a few blocks east like 46222 and its gets pretty slummy.

This isn't rocket science, I've done several in 2 and 3 lots, one was 7 with existing structures, a bit more complicated.May I mention, these situations do come up and that studying the basics of RE can make you money in solving these matters.What you're needing is a "Minor-Subdivision" generally these are much easier to approve by a zoning commission as you probably aren't changing the classification or use.You will need to begin with the existing legal description, it will probably be described in "meets and bounds" rather than by the lot and block, guessing it's rural with a barn and critters.Guess it would be rather long to describe the entire process, but to start with, you (at least I)  didn't need a survey.

Hello all. I've read all about real estate flipping, land lording, wholessale, etc. I figured now is the time to jump into the pool. I'm interested in finding properties in bergen county, NJ and the bronx, ny. I'd lik...

Indy can be very street by street and block by block and things are changing every quarter if you're in the gentrifying urban areas.

If we show a place to someone and it's obvious they are/will be a pain in the *** as a tenant, they get flagged and their application won't go any further even if they turn it in.