On today's show we speak with one of our local Indianapolis market experts and property provider about the growth and opportunities in the Indianapolis market.  We have some news and updates from our Indianapolis market spotlight early this year.

I also answer several listener questions, and talk about leveraging your existing equity to build a larger portfolio with more cash flow.

If you missed last week's episode, be sure to listen to Pros and Cons of Rehabbing and Flipping – Matty Aitchison.

Enjoy the show!

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Indianapolis Update and Listener Questions
On today’s show, I wanted to focus on Indianapolis again, but this is not a market spotlight per se. It’s really just another update on the market and what has been going on because we have had some changes there. Although Indianapolis is a perennial market for us, we've been there for probably ten years, if not longer. We have had some changes there. We've brought in a couple of new providers that we've been working with for about a year or more, and things have been going very, very well, clients are very happy, we've had many people fly out there to visit with our team; kick the dirt, see properties, see neighborhoods. They're always very impressed. I thought, “Let’s just take another look at the Indy market and bring one of our providers on. Today, I’m going to bring on a gentleman by the name of Josh. He is one of the team members that we work with out there, who manages a large team of people. Josh, welcome to the show.

Thanks, Marco. I appreciate you having me today.

I’m happy to have you on because I think it’s a good time to take a quick look at Indy again. Like I had said, it’s a perennial market. The numbers always seem to make sense there. There’s a constant flow of inventory, which I think is very important. Before we jump in to asking that all-important question of why invest in Indianapolis, why don’t you tell our listeners a little bit about yourself and your partner, Scott, and how you guys got involved in real estate?

Scott and I worked together at a firm in the late ‘90s. It was our first experience together. We managed a high volume of investment property, generally distressed sale managements. We were acquiring properties all over the state, more of a C class or inner city-type property situation rather than what we focus on today. We did it at pretty high volume. We had probably at one point in time, over 500 properties under management. We were acquiring somewhere in the neighborhood of 20 to 40 properties a month. It was just a different time, different market than it is today. We found that it wasn’t as reliable and as certain as what we’re hoping for. That was when we first got together. We had been working together in various different operations over several years. We all know what happened in 2008. Everything went sideways in most markets. Indianapolis, it had an issue, but we didn’t really have it as it affects nationwide. We definitely had increased amount of foreclosures. That’s what I spent my time focusing on. We managed properties for Fannie Mae, Freddie Mac, HUD, Chase, all the big firms. We really focused on the management and sales side of that for probably about eight years.

My partner, Scott, was building this company where there was a defined need in around 2010 for turnkey investment property providers. There was just a lot of interest in people, in our market, looking to purchase quality investment properties. There were very little providers out there that actually knew the market, had the systems in place and were able to produce it o...