Full service companies in Indianapolis?
Hi, all.
Can anyone recommend a full-service investment company in the Indianapolis market? By that I mean a company that will acquire and sell to me a distressed property, handle rehab I pay for, and then provide good leasing and property management in-house afterwards?
I'm looking for single family in B class or better neighborhoods. I want to find real estate valued at $260K or more to make a 1031 work when I sell a current property a few months from now, so a few different properties to buy at once.
Not looking for turnkey that sells at retail prices, but for properties I can build 25% + appreciation into with rehabbing that will allow me to refinance latter on to follow the BRRRR strategy. Thanks!
Most Popular Reply
$260k in Indy is a pretty high end property. Not highest but pretty high so those are tough to get.
The rents though don't follow the ARV much and are probably about 1500-1800 where a 130k house gets about 1300.
If you are looking for quality rentals I would go with the 100-160k ARV homes that rent for $1000-$1400. They are still tough to get for 75% of market but can find them sometimes.
Camby is a good place for that (a small city inside of Indianapolis on Indys SW side).