Do $150,000 exist and can you use them to create generational wealth?

Many people don’t think that $150,000 houses exist.  Today we’ll go over how Indianapolis is a PERFECT place for these kinds of houses and how to use them to build a rental portfolio that makes you six figures in passive income forever.  This is how to understand our Safehouse Algorithm.

First of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com. 

Do $150,000 really exist…?  REALLY?

Not all equity is equal.

In Pasadena or Santa Monica, you are lucky to find a $1.5 million dollar home with 1200 sqft.  A lot of those are in terrible condition and need major rehab. So you end up paying full price for a fixer and there’s NO way it’ll rent for anything near what your payment is going to be.

If that price range is your framework for understanding real estate then buying the same house in Indianapolis for 10% of that cost is hard to get your head around.  The price is 10 times more in LA, but the rent is usually only 3 times more.

Your cost to income ratio is dramatically different.

You also need to look at historic appreciation and volatility.

In places like LA, real estate may appreciate 20% in a year, but it also is prone to price drops of 30-60%.  Drops like that can take 5-10 years to recover from.

What about Indy?

On average, Indy has appreciated about 10% a year for the past 30 years, again that is on average and assuming you bought in the RIGHT areas.  In the worst market, values never dropped more than about 10-15% on average. 

The recovery from that drop only took a couple of years.

Plus…

During those times, the rents stayed stable.

The beauty of the cheaper houses is the rents will cover the mortgage even in bad times, or at least close to it.  In high end markets rents will never cover the mortgage, even when the market is red hot and rising like crazy.

It will take decades, even a generation or more before you’ll have a monthly positive.

You probably don’t want to buy a trashed house, only very experienced investors make money with those.  We prefer to buy newly rehabbed houses. We do inspections and ask the seller to take care of as many of the problems as we can before we close.

So no, you don’t have to buy a trashed house.

Even though that might make sense eventually, sometimes.

What about these areas where we buy Safehouses?

Are these areas dangerous?

We don’t buy in “bad” areas and we have a very experienced property manager who grades areas.  There are areas she doesn’t feel safe and we don’t buy in those areas. I’m not saying she doesn’t have guts, she does, absolutely, but she also has a ton of experience and if her radar is up, we listen.

Those were Joe’s notes, here are Azam’s Notes:

Use Zillow – look up Indiana State Fairgrounds you can find 50-150k houses
These are good areas and NOT “warzones”
You should get comfortable knowledge with these areas
You don’t want to go much lower than 100k, even if the ROI looks good

So why do love $150,000 houses?
We like 1% houses to net 8%
Remember 8% is ONLY 66% (2/3) of 12% not norm 75-80%
We use VERY conservative numbers and conditions to create Forever Fund

The key is the Goldilocks zone = good ROI and not danger zones
To do this correctly you need to find houses in areas on the up
Then you get 3-5x boost as the area grows, so find the FIRST 150k houses
These areas you will ALMOST always see the values go up higher and never stall

That being said remember the team and who should be on your team:
Realtors, lenders, PM, HML, appraisers, contractors and investors
Title companies, insurance, inspectors, accountants, eviction attorneys…

Make sure they got you connected and you can talk to them ahead of time too.

If you want a list of OUR contacts and every possible person that you will ever need to build your real estate business you can check out our People Page at BigReia.com/People.

The MOST important thing to look for are OUTCOMES.

Indy CAN be a great market for turnkey investing but you need to pick the right team.  Joe and Azam have an obsession of helping folks from around the world create 10-30k/month and far beyond so you can use that as a ruler to measure others against.

Here’s what to do next:

1.) Download a FREE copy of our book “The Book on Indiana Real Estate Investing from Out of State” and see how we help folks turn 200k into 100k/year passive income forever.

2.) Devour are FREE accompanying classes, videos and testimonials and make sure you are qualified and fully ready to apply for us to build you passive income and generational forever wealth.

3.) When you are SURE that the GRS program is for you, you can apply and after your interview (Joe or Azam will speak directly with you in your final interview) if your application is accepted we will begin immediately and start collecting Safehouse FOR you, you don’t have to do anything – you don’t even have to leave your house – everything is DONE FOR YOU.

So that’s how you create passive income with Indianapolis real estate from out of state.

As always remember that you can use our  People Page here for a full list of every contact you’ll ever need to build your real estate business.  Also we have a list of all the paperwork and contracts that we use and we add to this list regularly so you can download anything for free and feel free to send me feedback or requests.

Want us to build your real estate portfolio for you?

Apply for our Get Rich Slow (GRS) Program and have me and our team build passive income for you.

Apply here now.

In the meantime you can go through the previous Elevators, classes and other FREE training material and use it to grow your impact before you check out.  Use our stuff to both create passive income AND buy small businesses zero down, follow the steps, be kind, help others and you’ll…

Make the Universe Smile.

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?

Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord.  Exactly how many Indiana rental properties do you need to make 30 grand a month.  Anna can you help me invest in Indianapolis turnkey real estate investment properties?

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list. 

Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download.

Also perhaps the most important class Azam has done is on the "Frequency of Thought" and how to use the laws of quantum physics to rewire your brain, attract brilliance like a lightning rod and be the best version of yourself.  Check out this epic 3-hour class on Quantum Real Estate.

When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate?  Well that's exaclty what I did with our “People Page” here it is:

A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.

Stay here at BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Income Ascension and Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Annabelle
Love (at) BigReia.com
408-430-7417 (YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)