Springdale neighborhood - Indianapolis, IN turnkey

[Jessica S.]

Hi all,

I am looking at purchasing a turnkey rental in Indianapolis, IN through FS Houses. The neighborhood is Springdale. I understand that FS Houses' business model is to sell turnkey homes in neighborhoods that are in transition, so there is some appreciation potential which is nice. Due to the fact that the neighborhoods are "in transition," they don't look the greatest on the Trulia crime map or other online crime stat resources. So I thought I would ask the Bigger Pockets community about your thoughts on this area, and I would LOVE to hear from other FS Houses investors about your experience in these transitional areas. Being out of state, I'm just trying to do my due diligence and make sure I'm not getting into something over my head. I'm also curious whether all of these transitional areas have the same amount of crime, or if others are safer than this one and maybe I should just wait. I appreciate your thoughts in advance!

[Mike Knowles]

I own a duplex on that block of Beville (1301-1303) that I'm very happy with. Have owned it for a couple years and both sides are rented with good tenants ($725 each side for a 3/1).  With several rehabs on the block (thanks to both FS Houses and the Near East Area Renewal not for profit), it may be beginning to gentrify.  Ryan and Ashley actually manage it for me now (I didn't buy it from them) and I reached out to them last week asking if they had any other properties available so that should speak to my opinion of their service.