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All Forum Posts by: Clay Sellers

Clay Sellers has started 10 posts and replied 44 times.

Post: Why do so many invest in Indy

Clay SellersPosted
  • Oceanside, CA
  • Posts 46
  • Votes 21

@Jaron Walling - "near west side of downtown"?

I've spent a lot of time on BP and in other forums. The majority of the areas that I'm coming across in my reading are  locations on the east side of town (by east I'm talking about east of I70/65); Holy Cross, Arsenal Heights, Grace Tuxedo, Tuxedo Park, Christian Park, Little Flower, and of course Fountain Square and Bates Hendricks(technically west of I65 and south of I70). I did have one person mention "West Indy", which I assumed was west of White River and south of I70.

Where would you say "near west side of downtown" is generally speaking? 

I find it strangely odd that I almost NEVER read about anything "west", except for maybe Speedway. 

Post: I'm in a place that many DREAM of...

Clay SellersPosted
  • Oceanside, CA
  • Posts 46
  • Votes 21

At the moment I'm VERY BLESSED to have both a full-time AND a part-time job that both pay me well and give me time for "personal" activities at work. I spend a lot of time on BP and doing other research while sitting at my desk on my computer.

Lest I get a lot of "you're not doing right by your employer" comments, I often ask for more work so as not to be so bored but I'm limited by my security clearance in what I can do for them at the moment.

Without getting into too much detail, while I make a decent salary, I don't have a bunch of money sitting around waiting to invest. I'm currently working myself out of a hole after being unemployed for 6 months. I'm a Dave Ramsey fan and am currently working on my debt snowball etc., which is going to take me about 18 months to complete. 

That being said, if you were me, what would you do? How would you spend your "extra" time at work? What are some things you would do to help yourself? I don't want to let this opportunity go by without seizing it. I know that this will not last long.    

@Ross Denman Thank you for the info. I'm sorry to make you repeat your self. You've actually told me something similar to that before. Now I understand a little more why the "west side" is not talked about much in forums.

Originally posted by @Todd Murphy:

I think it is great to see investment in the Indianapolis area.  Our area is ripe for investment opportunities as more neighborhoods are turned and put on a "path of progression".  the dialogue is excellent and points to several things everyone should consider.

East of downtown is an area heavy with revitalization and good investment opportunities, as I many young professionals have chosen to call that area home now.

South of downtown is also a growing opportunity and will yield a lot revitalization.  

I look forward to hearing more about other's thoughts on Indianapolis!

@Todd Murphy

What are your thoughts about the areas below? 

Originally posted by @Cheryl P.:

@Curt Davis  I like blunt so I'll respectfully disagree with you.  People that likely have never lived in a low income area (the hood) always assume that it will be a bad experience to invest there.  There are hard working honest people in these areas that stay because it is what they can afford and because they are among people they have known all their lives, they are loyal tenants that remain in properties for years and work hard to move from renter to home owner in a $30K or $40K house.  They are grateful for an investor that will fix up and sell them a lease option opportunity because they cannot qualify for a traditional bank loan right away.  

Investors that have trouble in these areas either do not take the time to understand the market or the people that live there.  People in the hood know when someone really cares about/respects them enough to provide quality housing and who is just "collecting rent from those people" (and this is not about race, this applies in any low income area).


@Cheryl Pepper, I know this post is old. I'm researching Indy and stumbled across this. Where did you end up investing? I agree with this post. Can you possibly elaborate on some specific experiences you've had renting to good tenants in low-income areas? 

Post: Investing in Indianapolis, IN

Clay SellersPosted
  • Oceanside, CA
  • Posts 46
  • Votes 21
Originally posted by @Lane Kawaoka:

@Christine Liu why this market by the way? Past performance does not mean a market will trend that way. 

@Lane Kawaoka I know this post is old but I've just been researching the Indy market and stumbled upon this thread. May I ask, why did you ask this question? I know you didn't get a response but I find it curious. From all accounts, Indy has been a good market for several years. Were you searching for motivation? What were your reason's for asking this? From my reading I see Indy still trending upward, do you?

Originally posted by @Bruce Lee:
"And if as expected the hyperloop comes to Chicago, Indianapolis could find itself a "bedroom community" for Chicago."

"The proposed Columbus-Chicago route would slash across the northern part of Indiana, including Fort Wayne, but since there are no stops on the trip, most Hoosiers won't have easy access to using the transportation."

https://www.wthr.com/article/hyperloop-transportation-may-be-coming-to-indiana-but-not-for-hoosiers

Post: Investing in Indianapolis, IN

Clay SellersPosted
  • Oceanside, CA
  • Posts 46
  • Votes 21
Originally posted by @Clay Manship:

Christine Liu

"I recommend you deploy the $50k into one property that will lease for $800+, and is worth $75k+, where you can BRRRRR your money and do the same thing over again. This can happen consistently if you are buying from the right people."

@Clay Manship - (Great Name BTW) This is EXACTLY the strategy I'd like to use in Indy. Do you have any areas of town that you would recommend looking at for this strategy?  

Originally posted by @Lynne MacFarlane:

Hi @Clay Sellers

Yeah, I saw that website too, but I never read the report (2015). Are they on track to attracting more businesses? Looks nice and the dream seems ambitious.

There is plenty of information out there on this project and where they are at with it right now. "If you research it, you will find it."  à la Field of Dreams (I hope you get the reference.)

Post: Need contractor referral in Indianapolis

Clay SellersPosted
  • Oceanside, CA
  • Posts 46
  • Votes 21

@Fas McO'nen If you don't mind me asking, what area of town are your properties in? I've heard from other investors that it's not only hard to find good contractors if you do find one, they probably don't have the time to add on a new client and they may not work in certain areas of town. PM me if you would like.