All Forum Posts by: Clay Manship

Christine Liu I feel compelled to step in here and set a few things straight... "The Indy market is not largely categorized by its zip codes or neighborhoods"...could not be farther from the truth. Indianapolis is a very Street by street, block by block city with lots of ongoing gentrification. So you must know it well or know someone who does. But for rental property, there are certain zip codes I would beg you to avoid as your first investment, and even neighborhoods within "good" zip codes to avoid. Secondly, the idea that you can get a "rent ready" property for $25,000 in Indy I guess technically isn't false. However, is it really the kind of property you want? Most of these properties are located in neighborhoods that are just graveyards for previous landlords who have given up. The idea that the average joe can go pick up a $25k property off the shelf, rented and ready to go, in a decent neighborhood here in Indianapolis is misleading at best, and straight up untrue at worst. I recommend you deploy the $50k into one property that will lease for $800+, and is worth $75k+, where you can BRRRRR your money and do the same thing over again. This can happen consistently if you are buying from the right people. Best of luck!

@Damian Robinson

@Damian Robinson

Per usual, I agree completely with @Ross Denman...his outline above is a great way to make an educated investment decision here in Indy. 

That being said, anyone who is afraid to invest inside the loop needs their head examined. Plenty of good pockets with blue collar workers and great tenants. Some of my best performing assets are inside the loop, and they have also experienced the most appreciation.

Of course there are bad areas of center township where the turnkey vultures will target out of state prey and sell them a $35,000 headache. But don't count the whole area out--just need to have a trusted team who can guide you. Personally--I would run from Riverside Park.

Another great rental for those looking to add to their rental portfolio. 14%+ cap rate, and similar homes selling well over $55,000+! See details below:

______________________________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

3890 Mooresville Road Indianapolis, IN 46221 $14,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 3 BATHROOMS: 1 SQUARE FOOTAGE: 934 YEAR BUILT: 1940 GET A COMPLETELY RENOVATED RENTAL PROPERTY FOR UNDER $35,000!What a unique opportunity for long-term cash flow, upside equity, and NO capital expenditure items for OVER A DECADE! Don't let the subject property's current "ugliness" fool you--the comparable sales in the neighborhood are selling for well over $50,000+--so this home just needs some love and attention to capture over $20,000 in equity, and aLONG TERM 13.5%+ CAP RATE! Are you looking to JOINT VENTURE? Seeking financing? We would love to work with you. CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

Two units in FISHERS! A beautiful 3BR home PLUS a rentable 1BR/1BA in-laws quarters, making this beautiful home in A-Class Fishers, DRIPPING in cash flow and equity! See details below:

______________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

12002 Lantern Road Fishers, IN 46038 $129,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 3 BATHROOMS: 2 SQUARE FOOTAGE: 1,438 YEAR BUILT: 1972 WHAT A UNIQUE PROPERTY! A 3BR/2BA home, plus an adjoining 1BR/1BA in-laws quarters that can also provide additional income in the great city ofFISHERS! Where else can you generate a 10%+ CAP RATE in this area? Property has excellent bones and is in fantastic structural condition--however, will need a deep clean and some cosmetic makeover on the interior. While cleaning out this home and adding finishes to the kitchens, bathrooms, and common areas, rents between the main house and in-laws quarters should eclipse $2,200 per MONTH providing options for rental OR flip! Seeking acquisition financing, or construction management? CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

Another beautiful fix & flip wholesale opportunity presented by Mainstay Property Group. LOOK AT THE NEIGHBORHOOD COMPS! We can also manage construction on your behalf...see below for details:

___________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

1809 W. 66th Street Indianapolis, IN 46260 $59,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 3 BATHROOMS: 2 SQUARE FOOTAGE: 1,356 YEAR BUILT: 1956 Look at this amazing northwest Indy home near Fox Hill and Crows Nest! A fantastic opportunity for the right investor to pick up a quick fall fix & flip project to get sold in 2017...with over $40,000 in GROSS PROFIT! Look at the days on market in the comparable sales...TONS OF DEMAND FOR THIS NEIGHBORHOOD IN ANY SEASON! Property will need most everything replaced--including roof, windows, flooring, paint, kitchen, bathrooms, and fixtures. But with a large rehab budget for the square footage, this home will be market-ready at a total investment of less than $120,000, with a true ARV of $160,000+! What a great return! Seeking acquisition financing? Construction management? CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

A beautiful home in an incredible Indianapolis location...historic downtown Irvington! See details below:

________________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

231 S. Ritter Avenue Indianapolis, IN 46219 $69,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 3 BATHROOMS: 1 SQUARE FOOTAGE: 1,416 YEAR BUILT: 1890 Amazing Location in the HEART of Downtown Historic IRVINGTON! 3 minute walk to Black Acre Brewing and TONS of great restaurants!Enormous demand for homes in the area makes this a no-brainer for the savvy fix & flip investor. Subject property will need a full remodel--including siding, roof, flooring, paint, bathroom, kitchen, and fixtures. However, the bones and foundation of the home are in EXTREMELY good shape respective to the age of the home. Just waiting for luxury finishes to produce over $50,000 in GROSS PROFIT! Seeking financing or construction management? CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

Beautiful Indianapolis fix and flip (or rental) with most work already completed! Just come put your finishing touches on the property and then throw it back on the market at $70k+! See details below:

____________________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

2419 S. Lyons Avenue Indianapolis, IN 46241 $34,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 2 BATHROOMS: 1 SQUARE FOOTAGE: 919 YEAR BUILT: 1955 EXCELLENT comps on the same street and surrounding blocks! Most of the hard work has already been done...just the finishing touches stand between YOU and over $30k in GROSS PROFIT! This beautiful Mars Hill home already has brand new bathroom fixtures, tile, and hardwood flooring throughout. With some simple paint, fixtures, and kitchen updates, this home will be market-ready for a QUICK fall salewith a price in excess of $70,000+! Seeking financing, or construction management? CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

Another fantastic property in Indianapolis brought to you by Mainstay Property Group! Get a cash flowing asset in a great Indy rental neighborhood with NO money out of pocket! See details below:

________________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

10125 Meadowlark Drive Indianapolis, IN 46235 $49,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 3 BATHROOMS: 2 SQUARE FOOTAGE: 1,236 YEAR BUILT: 1971 Tons of equity and ample cash flow in this excellent Lawrence Townshiprental! Allow your portfolio to experience the benefits of a true "BRRRR" strategy home--with an all brick, maintenance-free exterior. Over $20,000 in EQUITY and an ~11% CAP RATE! Property just had tenants move out (were paying $750/month), so the home will need cosmetic upgrades and a tenant turn in order to lease out at optimal rent rates of $850+/month, however, with a budget of $6,500, rehab could include all flooring, paint, fixtures, and kitchen & bathroom upgrades. This home is waiting for YOU! Are you seeking acquisition financing or construction management?CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

This is it: A quick fix and flip to reap the profits from RIGHT before the end of summer/fall. This great home is located in a desirable neighborhood where the neighboring home (5116 Ralston Ave) just sold for $186,100! See details below:

_______________________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

5117 Ralston Avenue Indianapolis, IN 46205 $79,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 2 BATHROOMS: 1 SQUARE FOOTAGE: 1,006 YEAR BUILT: 1926 House DIRECTLY across the street (5116 Ralston Ave) sold for $186,100! What an amazing deal for this QUICK fix & flip property with over $60,000 in GROSS PROFIT! This home is located in the highly desirable SoBro (South Broadripple) neighborhood, surrounded by comps in between $150,000 and $200,000! NO BRAINER on value here! Subject property will need flooring, kitchen and bath updates, as well as new mechanicals to be in perfect resale condition. With a modest rehab budget, the $60,000 in GROSS PROFIT in yours to be realized! ACT TODAY! Seeking acquisition financing? Construction management? CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]

Another beautiful rental or flip opportunity from Mainstay! Check out the profit potential in this Indianapolis beauty. What are you waiting for. CONTACT US TODAY! See below:

____________________________________________________________________

Joint Ventures - Construction Management - Private Lending - Property Management The #1 Source for OFF MARKET & DEEPLY DISCOUNTED Indianapolis Investment Properties VIEW ALL OF OUR AVAILABLE WHOLESALE INVENTORY HERE

2321 E. Bradbury Avenue Indianapolis, IN 46203 $34,900 CLICK FOR PICTURES CLICK FOR VIDEO CLICK FOR MLS COMPS BEDROOMS: 3 BATHROOMS: 1 SQUARE FOOTAGE: 1,095 YEAR BUILT: 1955 THREE DOORS DOWN PENDING AT $68,000! Look at this 3BR home with minimal work needed to get rent ready! Comps surrounding the home are in excess of $70,000, so this great home could either be a fantastic portfolio rental, or quick fix and flip. The choice is YOURS! Subject property has older mechanicals that fully operate, but are 10+ years old. Aside from that, only some flooring and fixtures will make this home perfect. With as little at $5,000, you will have a $34,900 investment turning you a 13% CAP RATE in NO TIME! Seeking acquisition capital, or property management? CONTACT US TODAY! THE MAINSTAY FAMILY OF COMPANIES OFFERS: 1. CONSTRUCTION MANAGEMENT--Use our contractors, let us manage your project. 2. PROPERTY MANAGEMENT--Our in-house property management will service your asset. 3. PRIVATE LENDING--We lend our own money to help you acquire undervalued assets. 4. JOINT VENTURES--Don't want to go it alone? Let us do the project with you. WE OFFER FINANCING ON ALL OF OUR PROPERTIES. CLICK FOR GUARANTEED FINANCING

QUESTIONS OR OFFERS? Clay Manship 317-828-4972 [email protected]