Indianapolis Receivership Program 2016

3 Replies

Hello fellow Indy investors,

I was talking with another local Indy investor and heard that Indianapolis is instituting a receivership program in 2016.  I think this is a positive move for the city and will help clean up some of the areas and subsequently increase values.  Any thoughts on the effects of this program in the Indy market?  Good or bad.

Originally posted by @Leo B. :

Hello fellow Indy investors,

I was talking with another local Indy investor and heard that Indianapolis is instituting a receivership program in 2016.  I think this is a positive move for the city and will help clean up some of the areas and subsequently increase values.  Any thoughts on the effects of this program in the Indy market?  Good or bad.

hey leo. i'm new to the game, what would that entail exactly?

Thanks for posting that article!  I'm interested to see what happens here.  I know there was something like this in Detroit, but I don't recall hearing about stipulations for the buyers.  Hopefully Indy can use some of the problems Baltimore has gone through with the program to make improvements to the system.  I'll go ahead and be excited about this as a positive step. :-)