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Updated almost 6 years ago on . Most recent reply

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161
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152
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Angela Smith
152
Votes |
161
Posts

Greenwood, old town neighborhood

Angela Smith
Posted
Greenwood is getting started on some major downtown renovations. there are homes available in the old town greenwood area. Currently, this area has a LOT of rentals. But, I'm wondering what your thoughts are on gentrification here? Do you think that the homes nearby to the old town area have potential for flipping?

Most Popular Reply

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96
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140
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Zach Hoereth
  • Rental Property Investor
  • Indianapolis, IN
140
Votes |
96
Posts
Zach Hoereth
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Angela Smith Similar to @Shawn York I have looked here for buy & hold, but have been reluctant to pull the trigger on flips. I have started to see the market softening as a whole so that is what has been holding me back. I have friends who are currently flipping, but a number of their homes are sitting on the market as they continue to face carrying costs. Unless you can get a smoking deal... I would tread carefully. Hope this helps! 

Cheers,

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