Profiling Indianapolis

[Bram Spiero]

Hi,

I'm considering investing in Indianapolis and have been looking for a good resource to get to know the city a little better. What are the different neighborhoods, which are A,B,C & D? Where do they start, where do they end? Who are good realtors? Who are bad realtors? Same for RE lawyers, turn key providers, GCs, PMs, etc. What are the Indy specific considerations (and every mark has ones) that an investor has to be aware of?

To the best of my knowledge there isn't a single place for this information.

So let's build one together!

Please share what you know about the Indy market, or what you would like to know and I will compile it and share it with everyone on BP through a thread or blogpost which we can add to as our pool of information grows and is corrected or adjusted.

Thanks!

[Account Closed]

Bram Spiero There is no one place with this information because classifying a neighborhood as A, B, C, or D is very subjective. I have properties in the inner city that rent for $700 a month and I would classify them as a C class property and so would my Turnkey provider, property manager, and other investors. Some will consider these D class properties based on rents alone and I disagree entirely. Or they will say the crime rate is high so it's a D class. However the crime rate is high because it's close proximity to downtown, clubs, restaurants ect so that will skew the result. When I decrease the radius to a more street to street basis I am surprised to find some great little neighborhoods. These properties have also shown appreciation where as the outer areas like Lawrence have not seen appreciation in years. My advice would be for you to go out there and drive the streets with investors, realtors, property managers, and turnkey providers and then make your own opinion on what class each neighborhood is. Don't believe what other people tell you. Get out there and educate yourself to make your own educated opinion.