AirBNB in Indianapolis

[Alex M.]

Hi,

Does anyone know the current situation with AirBNB in Indianapolis?   Believe its fully legal right?  Looking to put some capital to work so if anyone has a broker there who is familiar with airbnb investments, please do pass along.

Appreciated.

Noah

[Steve Frye]

Hey Noah.  One minute.  I've got someone for you.

[Ritch Bonisa]

At least a month ago AirBNB was good to go in Indianapolis.  Old duplex, did a huge rehab on it 3/2 each side, converted into 2 condos.  All in at 275, sold for 430, buyer was using for AirBNB.  He was thrilled to get it. Not always seeing those types of returns, but keep having great success and most often it's someone interested in AirBNB who makes retail purchase at the end. 

[John Collins]

Hi guys ,

I have a great little house right downtown that I was looking to do a Airbnb rental arbitrage on ,

Any you guys know anybody who likes this niche ?

Indianapolis passed an ordinance saying str was allowed in Indy .

Also it’s not allowed in Carmel just fyi

Cheers