Help with Muncie, IN market

[Alain Perez-Majul]

Hey guys,

I have come across a seller wanting to sell a condominium in the Sandpiper Lake Condominiums in Muncie, IN, but I am entirely unfamiliar with the market up there. Anyone that invests in the Muncie market (perhaps more specifically, condos) that could share their two cents on Muncie and perhaps this area in particular?

Additional keywords: Indy, Indiana, Indianapolis

[Eric Gabriel]

I bought a house in neighboring Anderson.  Pretty depressed area.  Like Detroit.  An investor told me there that I would need to buy 3 bed houses at $15,000 then add $10,000 to make any money.  He was an old timer.  His words kicked me in the gut after I bought two houses for $25,000 that needed at least $15,000 each.  Adding a scammed contractor knocked me out of the game.