All Forum Posts by: Patrick B.

@Jonathan Huff Welcome to Indianapolis. Glad to hear you've enjoyed it here. Do you have any specific investing goals or an idea as to what you would like to do once you are ready to jump in? Fix and flip? Buy and hold? Commercial? Syndication? Again, welcome. 

@Nadav Segal I like Irvington but would stay off of Emerson, 10th, and Washington streets and get something back in the neighborhood on a quieter street. 

I think you could do well in Little Flower, particularly in the eastern half of the neighborhood, but would stay off of 16th, Emerson, and 10th. 

I've heard of people doing well in Eagledale but I'm not as familiar with that area. 

I think Riverside would be more of a challenge in terms of attracting a quality tenant and avoiding turnover. 

If investing in Windsor Park, I would aim to be in the southwest end of the neighborhood, away from Rural and south of the park.

Mapleton Fall Creek: Reach out to the Mapleton Fall Creek Development Corporation. It is a non profit and might have some insight into opportunities there. 

I don't know much about Garfield Park or Beech Grove. Cheers.

@Damian Robinson 46208 encompasses a few different neighborhoods which vary greatly ... Butler Tarkington, Riverside, Crown Hill, Golden Hill, Rocky Ripple ... each with its own characteristics and rental prospects. My advice: pull up the Redfin website, pull up sale records for the past 6 months, write down names of realtors who have sold the most homes in your target area, and call them directly with your questions. I think that would be of most benefit to you.

@Robert Allen I hear the most about these two: 

http://myinreia.com/

https://www.cireia.org/Default.aspx

@Stephen Barton Props on your patience and persistence. Congrats on your success.

@Terron Winn It wouldn't hurt to pull up listings on https://www.redfin.com/ for your target area, filter to find comparable homes sold within the last 6 months or so, and check out some comps on your own to gauge the market.

@Gabe Starms Congrats on the great internship. That's a nice opportunity that will undoubtedly serve you well. I enjoyed Building Wealth One House at a Time by Schaub and The Book on Rental Property Investing by Turner. I'd also recommend the BP podcasts that featured Jered Sturm and Liz & Matt Faircloth.

@Seetha G Fall Creek Place, Mapleton Fall Creek, Bates Hendricks, St. Clair Place, Windsor Park

@Lou Ruggieri You might try Berkshire Law or Hocker & Associates.

@Brittany D. In regard to Indianapolis, you might browse http://www.techpoint.org/ and see if anything there interests you. You mentioned a 2-3 family ... it has been my impression that multi family in Indianapolis seems to be a bit more sparse than you'd see in St. Louis, Cincinnati, Chicago, etc. It is out there -- just seems to be less prevalent. I wonder if your $250K would be better utilized with two $125K single family homes in Fountain Square, Bates Hendricks, Fall Creek Place, SoBro, Saint Clair Place, etc.