All Forum Posts by: Ryan Mullin

What do you want to know..?    There is nothing particularly great about it...    nothing horrible either.   Some of the streets just inside the neighborhood there are pretty rough.  Like Regent st...     Meridian is a main artery right in the middle of the city, which means high traffic.  Not really all that ideal for a "home".  

Looking to get into the Real Estate investing world? Want to make quick money while learning the basics of investing, areas of Indy, property management, transactions, acquisitions, etc...? Talk to us. We need a leasing agent who wants to start simple and build their arsenal of money making skills in the REI arena. Leasing is your way in! Get your resume to me ASAP!

If you want to learn valuable lessons all day I would get into some kind of property management gig.  I was in leasing for years.  It really helped learn all kinds of things about investing.. lessons I learned through other peoples money and properties.   And..  I never had to take leaky toilet maintenance calls. :) 

@Dierdre Zackery-Qualls

and thanks @Dennis Weber  

Yes..  there are indeed cheaper properties just south of Fountain Square.  Its really hit or miss in that area though.  Specifically, around Minnesota st there are some really dicey sections.  I'm personally not scared of anything north of Minnesota if the price is right. ..IF the price is right. There are no "high comps" like the other surrounding areas of Fountain Square, so you just have to be careful not to overpay.  Its only cash flow at this point.. very few home owners..  no retail flips or development yet.  Some streets in "South Square" we have done really well with raising rents and finding over qualified (approved by @Ashley Mullin) tenants.  Other streets are still primarily owned and managed by slumlord type groups that don't understand the rental market and demand for housing close to fs.  A lot of this area is trading sub 40k and right at 40k so this falls into and asset class that BP in general is not in favor of. - Mainly in terms of out of towners.  I'm personally really in favor of this area.  My wife and I even bought one south of Minnesota. 1600 block of Iowa. Good block surrounded by some "challenged areas".  Bought it from @Brett Snodgrass for around 20k.  Put another 10 or 15k into rehab.  35k all in.  2 bedroom with garage.  Central air, fenced in yard.  If we rent it on the lower end of the spectrum, say 550 a month, it will stay rented forever.  Another example is one that we sold turnkey on the 1500 block of spruce.  Slab foundation was built in 2008, market crashed and house was never finished.  We buy it in 2015, finish the house (basically a new build) very simple but modern 900 sq ft. ranch, vaulted ceilings, open concept central air, nice high end rental grade finishes like ceramic tile floor.  Sold in the mid 70's.  Rented for 950/month (World record for house with no garage in south square).  I will attach some photos of that one. Turned out really cool.  

Thank you @Matthew Schroeder for posting the article!  

@Ashley Mullin     ...Lets rent it out and move back to Fountain Square!     :) 

For inspection punch outs "Indiana Residential" has done a good job for us in the past.  

Sweeeeeeet! 

Thanks for the shout out homie!