All Forum Posts by: Manny Awasom

This is a great thread so far! @Manny Awasom I'm in the same boat as you: looking at a 2-4 unit (>250K) in Indy to house hack. I am currently located in Indiana, so I have the opportunity to get boots on the ground to learn the streets in the city.

I am currently looking in the following areas for my first place: Garfield Park, Windsor Park, East Fountain Square (right of State St), Reagan Park, and Friend and Neighbors.

I've chosen these areas because I want the neighborhood to be on its way up but not necessarily fully revitalized like the fountain square area.
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That's awesome Drew. House-hacking is the way to go! Explored that in my local market (LA), but ultimately concluded that my money will work harder for me in a different market. So props to you. Yea I am looking for 2-4 units in similar neighborhoods i.e. along the path of progress. Haven't done a deep dive yet into the various neighborhoods as of yet but that's my next step.

But it's pretty cool so many people are on the same path. Hopefully, we can continue to learn from each other and continue to build. BP is truly amazing.

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Originally posted by @Keith Resnover:

@Manny Awasom my name is Keith. I'm a real estate investor in the Indiana market. My company is called Real Solution Ventures. If you're looking into the market I know it very well. If I can help you in anyway just let me know!

Thanks,

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Thanks Keith. Will make note of it. Appreciate the contact.

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Originally posted by @John Rankin:

@Manny Awasom I would say most of the B neighborhoods are on the outskirts of the city. You can find some pockets in the city like Irvington or Broad Ripple. Then there are a handful of C neighborhoods that have potential. I would recommend checking out this podcast from Simple Wholesaling where they have some local experts dive in to some of the different neighborhoods and why they make sense for investors. I think there are about 5 different videos all together that go over different parts of the city.

https://www.youtube.com/watch?v=xqhDooo6H6U

I'm in the middle of piecing together my "boots on the ground" team.

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Well all the best to you! If I get any good referrals I will be sure to send your way as well. And thank you for that link will take a listen.

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Originally posted by @Brian Briscoe:

@Manny Awasom Great seeing you online last night and @leslie's meetup. Also very happy to see how much feedback you got on your post!!

So, I happened to talk with a guy that's looking for stuff in Indianapolis today. Saw this post, so I figured I'd hook the two of you up. Email or text me and I'll make an introduction.

Hi Brian! Oh what a small world! Thank you for your response and for the presentation yesterday! Much appreciated. But that would be awesome. I will send a text! I really appreciate it!

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Originally posted by @Mitch Smith:

@Manny Awasom

Hey Manny. Hit me up anytime. You can reach out through this platform on BP and we can set up a time to chat.

Mitch

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Thank you once again Mitch. I sent you a PM

1 Vote

Originally posted by @Jessica Edwards:

@Manny Awasom

The entire south side of Indianapolis will give you the biggest bang for your buck in regards to class B neighborhoods.

Southport - 46227

Greenwood - 46142

Franklin Township - 46239

These three areas are much closer to the heart of downtown, but are all very popular especially with young renters.

Irvington - 46219

Broad Ripple - 46220

Fountain Square - 46203

I moved to Tampa, but I would definitely be interested in investing in Indy. My boyfriend and I are under contract now for a duplex (our first investment). Trying to get all of the ends and outs of it all, there is quite a learning curve. ☺️

Thank you Jessica! I greatly appreciate that. I will take a closer look at those neighborhoods. And congratulations to you both on first investment! I hope all goes well and it's the first of many. It seems like the first is always the most challenging but provides the best learning opportunity.

2 Votes

Originally posted by @John Rankin:

Hey Manny, I'm in almost the exact same boat as you. Newbie out of state investor but mainly focusing on SFH in Indianapolis. I've done a lot of research on the different neighborhoods so let me know if I can share any of my recent experiences with you.

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That's awesome John! Always great to see other newbies that are taking action and breaking out of analysis paralysis. I may be one step behind because I am still in the process of learning about the different neighborhoods. Based on your research thus far, what neighborhoods or zip codes are you focusing on? @Jessica Edwards shared a few above (thank you!) but feel free to add to the list if there are any different. Also, have you been able to establish a team there already?

1 Vote

All Forum Posts by: Manny Awasom

Manny Awasom has started 2 posts and replied 26 times.

Post: Refinance Quotes - What Interest Rates Are You Seeing

Post: Refinance Quotes - What Interest Rates Are You Seeing

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie

Post: Local Insight on the Indianapolis Area for a Newbie