INDIANAPOLIS Market any good ?

Question

Account Closed · Answer

@Ken A. Cash flow is great....appreciation is good at times as well...like now.  Appreciation went up substantially over the last few years and still going up.  Still well below the peak price levels of 2006.  Flatter price curve than many markets, but more predictable.  Lots of buyers shopping currently.   Would anticipate it all to continue as supply of foreclosures tightens.

Ken A. · Answer

Pretty much how most markets react coming back from a severe down cycle.  You get a nice initial pop higher, then some higher, and then you might get a "quiet" period (year or so) with small appreciation, and then it continues higher in fits and starts, but heading higher to 2022-2024.  That's my plan and I'm sticking to it.

Brett Snodgrass · Answer

@Amanda  Keller

Hi Amanda, we believe that the Indy Market is still a great city to buy Fix-n-Flips.  We are seeing a lot of investors searching, buying, and flipping properties in Indianapolis.

I see a lot of properties being restored and flipped in Fountain Square, Bates-Hendricks, many historical pockets of downtown Indianapolis, and of course just within or outside the 465 Loop. We have also seen and done flips  in Fishers as well.  Yes it is a little bit harder to find the deals these days, but I am seeing it done.. We just have to work a little bit harder to find them, but I believe they are out there.  Good Luck with your Flipping...

Brett

Mike D'Arrigo · Answer

How is the market in what respect? As @Ryan Mullin mentioned, it's 180 degree's from 2010. Inventory is down and demand is up. The good news is that equity fund activity is way down from the last few years. Indy is still one of the best cash flow markets in my opinion though.

Ken A. · Answer

Indianapolis seems like a buy and cash flow area?

Ryan Mullin · Answer

2010 and right now are like night and day.  2010 was a buyers market..   now its a sellers market.  You have to adjust!   like @Shawn Holsapplesaid inventory is waaaaaay harder to get but the demand from buyers is through the roof.  Interest rates and the lending climate have a lot to do with that as well...

Amanda Keller · Answer

fix and flips @ashleymullin

Ashley Mullin · Answer

@Amanda  Keller

Are your investors looking for fix and flips or buy and holds?

Shawn Holsapple · Answer

Yes, my wholesale inventory is down compared to 2013/14 but I still have a ton of eager buyers.  I just need properties to buy.  So, inventory "sucks" but the market is on fire - IMHO