Indianapolis REI Market Tightening Up
Friday, June 11
I have spent the last couple weeks on the MLS bidding on hundreds of properties on my investors behalf. After getting less than 10% accepted I decided to go back through the MLS and find out what all the rejected offers sold for. I was amazed when I found out that almost every single bank owned...
HUD has awarded $2.5M to Muncie/Kokomo
Friday, June 11
The Department of Housing and Urban Development announced yesterday that they have awarded $1.5 Million to Muncie and $1 Million to Kokomo. These Community Development Block Grants will go to rehabilitating affordable housing and public facilities. Muncie was also awarded a $670,000 Home Invest...
Portfolio of 20 Investment Homes - 20% Cash on Cash Return
Saturday, June 05
I have a package of 20 investment homes that I am selling at the rock bottom price of $440,000. Thats only $22k per house. Each home needs approximately $3-$5k worth of rehab work done (Approximately $100k total). However, the estimated After Rehab Value on this package is over $1.2 Millio...
Managing Investor Portfolios - Part 1
Wednesday, May 26
Managing your investor's porfolio can sometimes be a tricky task. It takes a lot of due diligence to ensure that your investors are getting the best investment homes/apartments/commercial buildings. One of the most important aspects of successfully managing a portfolio of investment properties i...
Indianapolis ranked as most affordable city in the US to purchase a home.
Monday, May 24
A recent CNN Money study revealed that Indianapolis is tied with Youngstown, OH for being the most affordable US city to buy a home. The city boasts a median income of $68,700 and a median home price of only $96,000. There were 18,400 foreclosure filings in Indianapolis in 2009. Read the entir...