Does anyone know if the Haughville area of Indianapolis, IN is a good to invest in?
Thanks a bunch Aaron! This helps a lot... Much appreciated!
@Cherese Bailey I've not invested there personally but I would skip it. Too much crime. Too much drug activity. I would anticipate difficulty in attracting a quality tenant and in limiting tenant turnover. I'd consider it a "D" area and would instead seek out a "C" asset elsewhere which might cost 10% - 25% more but would be a better overall investment.
Thank you Patrick!
@Cherese Bailey Like others have said, I would avoid that area unless you have experience with that class of tenant. East of Haughville there is an area called Stringtown that has some good things happening.
If you're buying for a long term hold (10+ years), I'd definitely consider it as long as you can buy close to the river and the bridge across (is that 10th?). IUPUI is building across the river. More students = more opportunity for growth!
Thanks Louise! I can see that...
It's rough now but is just about as close to downtown as Fountain Square is. When the GM stamping plant gets developed by Ambrose it will change the entire area west of the river. Would probably be very management intensive at first but could be a great long term hold if you can wait 5-15+ years.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing