All Forum Posts by: Matthew Schroeder

Fantastic!  Absolutely fantastic!  On to the next one. :)

For those with an interest in Indianapolis real estate, and specifically commercial real estate (industrial, retail, office & multi-family), a video interview with a Vice President at Cushman & Wakefield (see link below).

In summary, the commercial market is very strong & is expected to remain so through at least the end of the year.  However, the market may be a "cyclical high".  

Thoughts/Perspectives?  Buy/Sell?

Indianapolis Commercial Real Estate (Video Interview)

@Eric P.  Thanks for the comments and ... nice hat! :)

In Indianapolis, between 10th and 38th (on the same street), you've gone through at least 3-4 very different neighborhoods.  

If you aren't convinced or simply don't believe that it is possible, drive it.  I have!

I have seen listings on that stretch of Carrollton north of $120k (rare, but they exist) and less than $30k.

@Danielle Fattizzi Thanks for the comment!  If you are interested in student housing, my understanding is that Florida has several excellent college towns, including Gainesville and St. Augustine.  

In this ranking (see link), St Augustine is ... #1!  

Best College Towns 

An interesting article/research from Trulia & LinkedIn highlighting the best markets for new college grads in 2016.  It is called the Graduate Opportunity Index, and it is based on a mix of employment opportunity, housing affordability and percentage of new college graduates.  

Top markets include:

#1 Pittsburgh, #2 Indianapolis, #3 Kansas City, #4 Minneapolis, #5 Columbus, OH. 

Here is a link to the full article:  Graduate Opportunity Index - 2016

Articles/Rankings like this usually garner heated debate, so ... thoughts?

According to the Metropolitan Indianapolis Board of Realtors (MIBOR), existing-home sales in central Indiana increased 5.4% in June year-over-year, as inventory continued to shrink & average sale prices continued to rise

In Marion County (a proxy for the city of Indianapolis), closed sales rose 3.5% in June from the same month in 2015, from 1,432 to 1,482.  The average sale price rose 1.5 percent, from $128,090 to $130,000.  Inventory is tighter, with 4.0 months of supply in June 2016 versus 5.3 months of supply a year ago.

Central Indiana (MIBOR) - Existing Home Sales Prices Rise (IBJ)

MIBOR (June 2016) - Full Report

Next!

@Annie Li  According to public records, 5405 E 21st sold for only $17,500 in January 2016.  Is that your purchase? It is not in a great part of town.  It is only 2 bedrooms.  No aircon.  You are asking $675/month - while that is not expensive in Indianapolis, that is also not cheap.  Do you see any disconnect here?  Although you may not want to hear it, you should happily lower the rent, attempt (make sure!!!) that you get very good tenants who pay a reasonable rent, as your financial numbers will still be very good!

2401 N Sheridan is a similar story.  Paid $24,000, right?  No matter what you hear to the contrary, that is not a very nice neighborhood.  Anyone can buy houses in the neighborhood all day long for $20,000 - $30,000, although a lot of investors/locals simply choose not to play in that sandbox.

For future purchases, you might want to try a different neighborhood, if nothing else, than to diversify your risk.