Need some advices on 46201

[Chatree C.]

Hi everyone, I'm an aspiring investor from the Bay Area. I used to live in Indy for 5 years for up until '08 and now want to invest back in Indy. I've been looking mainly at areas right outside of 465 and Meridian-Kessler only B or A properties since I'm new to all this. But now 46201 caught my attention since it's not far from Fountain Square and maybe it's on the verge of changing too. Would you consider this area C, C+?

I have a deal potential on N Bancroft st (& Michigan) which is in Bosart Brown neighborhood on the East side of 46201. Wonder if anyone can let me know if this is an ok area to consider or is there any part of 46201 to focus on or avoid.

I plan to fly to Indy too early next year to drive around and get to know people and build relationships for my future investments. Many thanks and stay warm!

[Craig Micon]

Hi @Chatree C. I also live in the Bay Area and am looking for my first property in Indy. I was born and raised in Indy and am visiting right now and have been looking the past week. 46201 is super pocketed. I don't think you can put a letter on the entire zip code. I haven't looked on that specific  block either.

As another new investor, I wouldn't touch it without seeing the property and being super rigorous with my due diligence. It will probably look better in your spreadsheet than it will be in practice.

Around 465, tenant quality and surprises will be less likely. They're a safer bet from out of state.

PM me if you'd like to chat.