Indianapolis /Lawrence area? Investing

[Account Closed]

I see a lot of homes for sale in the Lawrence area of Indianapolis for under $70000 and do not hear much talk about this area in the forums. I'm guessing there is a reason for this. I also see a lot of foreclosures in the area and the school ratings are not that great compared to other areas of the city. What are your thoughts for cash flow properties in this area? In your opinions what area would be ideal for quality homes under $70,000? Thanks everyone and I can't wait to hear your thoughts.

[Rodney Kuhl]

I have a rental in Lawrence that cash flows very well. You can find plenty of cash dole properties in Lawrence, and some areas (like much of the city) are just fine. Just know that in Lawrence, you won't see much appreciation for resale down te road. I'd you paid $50k for it now, that's probably about what you can sell it for later. Solid rental area though if you ask me.