Indianapolis City Market

[Jessica Griffin]

I’ve been thinking about buying a house in the city to BRR. It looks like there’s a good amount of money going into the rough neighborhoods but i wanted to check to see if it’s actually worth it and which are the best areas to buy in to make the investment worth my time?

[Ross Denman]

Originally posted by @Jessica Griffin:

@Dustin Lauer

I saw some pretty cheap houses in the Haughville, IN area along the white river. I’ve seen a few pictures and the area seems a little sketchy. Is there anyway I can check the neighborhood stats?

 There is some debate amongst locals regarding Haughville. While there are some pockets of areas with cute home on cute streets, the area as a whole still has a bad reputation, which means we aren't getting an expanding tenant pool to choose from. Until the area becomes more appealing to an outside source of prospective tenants, you're choosing from the already resident pool, which is on the lower end (income, education, criminal history, lifestyle, etc.) It's still a pretty heavy crime area with a lot of low-income residents. Some of the initiatives gearing up on the west side of Indianapolis will likely change this over time, but I wouldn't get in too early as it will probably be an inconsistent experience for a few more years to come. Initiatives to check in to that will have an impact on this and other west side neighborhoods area:

• 16 Tech
• Riverside Park renovations (amphitheater is underworks right now.)
• Waterside
• King Common

It will come around with time, I just don't like to tie my money up for years without seeing the upside in the near future. I barely have enough money to get in to the established areas, much less tie it up for years to get beat up with bad tenants and maintenance heavy homes that don't carry enough value for major renovations. :) Just my take for now... but wait a minute and it'll change.