We're always trying to Save Money as Real Estate Investors. But there's are always headaches in real estate when it comes to repairs, upkeep, fixes, remodels or closings.

As real estate investors or real estate agents, we are always looking for preferred vendors or contractors to build a preferred vendor list.

It's hard to find a good contractor or a trustworthy vendor who has fair prices and does good work. How do you know if you're overpaying a contractor? How do you know if you're even getting the right services you need from a vendor?

Brett Snodgrass talks with Mike Lawson who is the Director of Business Development at the company Hitman Solutions. Hitman Solutions specializes in Foundation Repair, Water Proofing and Mold Removal. They've been at the top of many preferred vendor lists for many realtors in the central Indiana region for many years. They've been a preferred vendor literally dealing with thousands of real estate agents because of their longstanding reputation of honesty, punctuality and education.

Hitman Solutions always tries to find the newest and most effective ways to repair homes at the lowest costs. But technique and price aren't the only factors that come into play when looking for a trustworthy vendor.

Many times vendors don't offer the correct services truly needed to correct the home repair problem. So even if you pay a lower price in the short-term the vendor will leave you hurting and paying more money in the long-term.

Mike shares great insight with Brett on how to avoid costly mistakes when it comes to home repairs. Mike shares what to look for in a vendor when deciding who you want to hire. He shares how to know if they're ripping you off or providing fair prices. He also shares how to know if the problem is correctly being fixed or if it will keep repeating itself because a vendor didn't properly treat the problem.

Listen as Brett & Mike discuss saving money and getting the right vendors in the Indianapolis area on this episode of The Indy Investor Podcast.

Hitman Solutions: https://hitmansolutions.com/

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SIMPLE QUARTERS

https://simplequarters.com/

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The Indy Investor Podcast serves to be the premiere informative podcast regarding all things Indianapolis real estate. We strive to educate, inform, and even partner with Indianapolis Investors who want to be a part of leading the charge in the Indianapolis market. Interested in investing, wholesaling, or buying properties? Come to us with any questions and we will be sure to help you in any way possible!

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Simple Quarters has been in the business of buying unwanted property for years now! Since 2007, we have helped hundreds of people get rid of their headache homes.

Brett Snodgrass, our founder and CEO, does business out of the pursuit of creating the best “win-win,” scenarios possible. He lives by the golden rule; to treat others as he himself would want to be treated. He personally knows the struggle of getting rid of an unwanted property and he knows how painful it can be dealing with an unethical and dishonest all-cash buyer.

BRETT'S ENTREPRENEUR COMMUNITY: IronDeep.com ​

There's a crackdown on money laundering via real estate transactions. FinCEN (Financial Crimes Enforcement Network) is making new reporting requirements that affect real estate investors across the country, including here in Indianapolis and all of Indiana.

FinCEN intention is to prevent illicit actors from using legal entities and trusts to anonymously launder illicit funds thru the US residential real estate

market. Their goal is to identify individuals involved in the “entities”, by requiring industry reporting of very specific information for members, managers, trustees, etc. of the entity.

The scope of the rule for reportable real estate transactions are as follows: 1. Property Type: Residential Real property

2. Financing: non-financed (cash or private non-licensed

lender)

3. Transferee: Buyer is a legal entity or trust

4. No exemption applies: not a result of transfer due to

death or divorce

There is no dollar amount threshold. All sales of Residential Real Property are reportable. This basically affects almost everyone in real estate to at least a certain degree.

Brett Snodgrass talks to James Schultz of Momentum Title Agency about what this means in practical terms for everyone investing in real estate in Indianapolis and really all of Indiana.

James Schultz is the Chairman of Government Affairs Committee for Indiana Land Title Association. James has spent a lot of time in Washington DC as this is a federal issue as well as state and local issue.

James has spent many hours talking with attorney generals, state senators, state representatives and so many other officials and professionals that are weighing in on what legislation, regulations and practice changes will look like in the coming days.

Many of these lawmakers and government regulators don't really understand what it's like to be an investor, nor do they understand how real estate investors, including wholesalers, positively impact the community.

Investors help communities when they have good motives and practices. But there are also bad actors out there who give wholesalers, realtors and investors a bad image.

This is such an important conversation to listen to. If you want to know what rule changes and new and developing regulations are and how they will impact your real estate business, then listen to this episode.

JAMES SCHULTZ - MOMENTUM TITLE AGENCY: https://momentumclosings.com/teams/location/?company=6&location=Indy%20Main

Jim Oliver went from being a poor homeless kid, to becoming a wealthy successful business owner. Two keys to his success and wealth stemmed from Real Estate and Infinite Banking.

Jim first learned about infinite banking from R Nelson Nash, who wrote a book called "Becoming Your Own Banker." Jim was amazed as he learned how to better maximize cash flow while simultaneously owning appreciating assets.

Jim Oliver has used the principles of Infinite Banking to create more cash flow and invest in more real estate. This has generated him an abundance of money over the years to grow more businesses. Jim wrote a book called "Make Bank Without The Bank" where he explains infinite banking and how to use it as a great investment strategy for real estate to generate wealth.

Join Brett and Jim as they explain what Infinite Banking is, how Infinite Banking works, and how you can use it to build your real estate business.

JIM'S SITE: https://community.createtailwind.com/

Steve Lehman also known as The @GrumpyRealEstateInvestor has lived in and has been specializing in the Indy market for close to 15 years. Steve has vast experience in dealing with squatters, trashed homes and a long list of most problem areas you could imagine.

Steve is an Investor himself, and he also consults for many Real Estate companies including large out of state investors interested in Indianapolis.

Steve shares some horror stories of some of the experiences he's faced over the years. He also shares advice on what to look for when buying property in Indy.

Some things may seem like common sense to look for when investing in Indy Real Estate, but there are many simple things that go unnoticed and can cost investors lots of money.

If you want to learn what to look out for and some pitfalls to avoid when searching the Indy area, or how to deal with a problem you might already be in the midst of, listen to Steve and Brett talk about some of their property horror stories and how they solved these issues.

FREE REAL ESTATE INVESTING COURSE: MasterPassiveIncome.com/freecourse

Dustin Heiner was a top employee with top marks. He had a loving wife and 4 beautiful children. Dustin had steadfast job security... until he didn't.

When Dustin was laid off without any way to provide for his family, his mindset shifted. Dustin knew he could never be in that situation again. Dustin had to find a way to take his financial safety into his own hands.

Dustin was able to do just that through real estate. When Dustin created his own real estate business he was able to leave his new job and make lots of passive income. He became "Successfully Unemployed" as he puts it.

Dustin shares about his journey in creating his own real estate business. He has been blessed by real estate so much, that his passion is to help others find financial freedom as well. This is why Dustin created Master Passive Income.

Listen to Dustin as he explains how to create a successful real estate business, so you can leave your job and make passive income too.

How do local Indianapolis Real Estate Investors compete in an increasingly competitive market? The Home Value growth in Indianapolis is 42% since 2020. The Median home price in 2020 was$170,000, but it has increased to $240,000. 2%-4% mortgage rates have risen to 8%.

Many people are leaving bigger cities for more affordable living in Indiana. Large Out-of-State corporate investors are swooping in to grab up single-family homes and apartments. Competition for finding good real estate deals is increasingly hard to come by. It's like a gold rush in Indiana.

But there is hope for success in Indy for wholesalers and other local investors. Partly, it does take a bit of extra work digging twice as hard as we've been used to. Some of us have gotten lazy, taking the easy deals for granted. But there are deals out there.

Local investors and wholesalers have a lot of advantages compared to out-of-state buyers. Many out of state buyers have been developing bad reputations. This is where local investors with consistent track records and face to face encounters goes a long way.

Out of State buyers may be able to offer more money, and sometimes that's what it comes down to. But local buyers can offer trust, as many sellers are getting burned by corporate conglomerates. And many out of state investors are coming for 6-12 months and then packing up and leaving. For those local buyers sticking around, consistency builds your credibility.

It's not about making big adjustments for buyers right now. It's about make small ones. Maybe you can safely buy at a little higher ARV percentage than you used to be able. Maybe you need to attend more Meet-Ups and other events to make a few extra connections that get you that deal. Maybe you just need to have your ducks lined up better for financing to be a little bit quicker to get the deal when available, so you can close faster. Maybe it's exploring new areas that will be the next Fountain Square. Maybe doing delayed flips and continuing to rent for a few years is a successful recipe as properties appreciate.

The moral of the story is, those investors who are in the Indianapolis area for the long-term are the ones who will eventually win out in the end. In the mean time, listen to Brett & Ronnie discuss some tips and tactics that could help you in your short game at this season of the real estate market.

This episode is not about politics. This is merely a review over how new policies could affect real estate investors.

This episode goes over the potential pros & cons that real estate investors could potentially see with this new administration.

Brett Snodgrass delves into thoughts on inflation, interest rates, opportunity zones, infrastructure, taxes and more. Listen to see how it could effect investors and how Indy specifically could be impacted.

Real Estate Investors want to know how to do well in 2025. The competition is fierce. Things that used to work with ease don't necessarily work anymore. Pivoting is essential to revamp and adjust strategies to stay in the game and succeed.

So what changes need to be made to get more deals? What strategies have to change to get better deals? How should you market in 2025? Marketing Guru, Bryan Driscoll, of Motivated Leads is here to help answer these questions. Simple Quarters uses Bryan and Motivated Leads to help with our marketing needs. Brian is very wise in helping clients figure out what strategy is best for them.

Not all marketing strategies are one-size-fits-all. Bryan will tell you that it's important to ask certain questions to figure out the best personally tailored strategy for where your business is currently at, and then set the right plans in action to grow and adjust.

But because there is always so much saturation in the real estate advertising space, strategy is very important. Implementing the right strategies can help do more deals or better deals. It's good to think smarter to have good success and to be able to close better with clients.

Listen to Bryan share marketing strategies for 2025, and hear about his new book, The Goodness Game. Brian has a great heart in wanting to help serve people and pay it forward. He teaches how small acts can create big impacts. And how you can even utilize it to encourage your team and create a fun environment to motivate them as well.

BRYAN'S MARKETING BUSINESS: https://www.motivatedleads.com/

BRYAN'S BOOK - THE GOODNESS GAME: https://a.co/d/4tgjA0O

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SIMPLE QUARTERS

https://simplequarters.com/

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The Indy Investor Podcast serves to be the premiere informative podcast regarding all things Indianapolis real estate. We strive to educate, inform, and even partner with Indianapolis Investors who want to be a part of leading the charge in the Indianapolis market. Interested in investing, wholesaling, or buying properties? Come to us with any questions and we will be sure to help you in any way possible!