Indianapolis Investing Neighborhoods

[Patrick Gilbert]

I've been searching for BRRR properties <$100,000 purchase in Indy. Mainly looking at Near Eastside, Crown Hill, Garfield Park/Beech Grove and Near Westside/Speedway areas. Any others to consider and look into? I don't know much about the SW side down closer to the Airport (Mars Hill/Drexel Gardens) or the NW side heading towards Lawrence (Brightwood/Devington). Thoughts, opinions, concerns? Appreciate any and all insight!

[Jaron Walling]

@Patrick Gilbert I'm a cyclist and ride through the Mars Hill neighborhood occasionally in route to Mann Rd. and beyond to the beautiful hilly roads near Martinsville, IN. Unless you're comfortable with lower class neighborhoods and everything that comes with it I'd avoid the Mars Hill neighborhood. That's just my opinion. 

It's basically land locked between Harding (stone quarry) to the south, airport to the west, and commercial recycling and industrial businesses to the north. The houses and yards are really small and so are the values. Fall of last year we bought some outdoor furniture from FB market place in Mars Hill. I'm comfortable in most neighborhoods but the girl friend almost didn't get out of the car. Nothing has changed.

Beech Grove is blowing up. It's a great little community and prices justify it. The main street literally looks like a Broad Ripple Ave in the making. If you can find a nice 2-3 bedroom that needs work in that neighborhood I'd jump on it.