All Forum Posts by: Ryan Mullin

Nearly 2 Acres for sale on Indy's south side.  This deal includes 3 single family houses with 6 additional lots.  Asking $167k for the entire property.  Perfect investment situation.  Rehab, build, possibly convert to commercial.  Lots of possibilities.  

Click the link below to see how the property breaks up.  Currently listed as 3 separate package deals. 39k, 39k and 89k.  Can be sold as listed or as entire package.  

http://fshouses.com/portfolio/2600-s-meridian/

If working with a broker here in Indy please contact them about this property as it is listed on market.  

FS Houses is taking on experienced Real Estate Agents.  Make great money, have fun, and get hands on Real Estate investing mentoring.  Commission split is negotiable.  Lets talk!   Click the link below and fill out the form.  

http://fshouses.com/wanted-licensed-real-estate-broker/

I think there is 2 different questions here...    

Because @Lee Smith who has been buying houses here since 1991 ( I think i was in 3rd grade) will see that 3% over time..  many ups and downs in the economy and RE cycles.  But overall will equal out to roughly 3%.  

But me...   I started buying in 2008 / 2009.   And that time, when compared to now, is way different IMO.  In 2009 I bought houses in Haughville (good example of low income area that Lee referenced) for 20 - 25k all in...   rent for 600 or  650.    That same house today would be 45 - 50k all in.  Same rent, same crime, same neighborhood.  To call that true "appreciation" is a stretch but the question in the beginning of the thread was asking about the same house at the bottom vs top of this RE cycle. 

Just throwing that out there.   I think its a really interesting concept and topic for a thread.  

CLICK HERE to view more photos.  

Renovated Duplex offered by FS Houses team.  Each side could rent for 750 - 850 per month.  Currently vacant.  Right now it is assessed at $44,200 which puts property taxes at just $74 per month. This property is listed on the market at $165,000.  Motivated to sell.  Make us an offer.  

Hello BP, 

FS Houses is looking for an experienced agent to bring on board. We have a great commission split and plenty of leads to work. We are located in Fountain Square, Indianapolis, IN. We focus on SFR investment properties.

Please contact me! 

-Ryan Mullin

Owner / Managing Broker 

Perfect "blank canvas" for your next project. SFR in the Windsor Park / Springdale area. Good bones, great fenced in back yard, high ARV... We even created a budget to help with your leg work.

Also...    50% down financing available!   

Sound interesting? Call 317-492-9025 and ask to speak with an agent!  

Here is the link...    click here.  :) 

@Lane Kawaoka Summer of 2016 was amazing for retail flips...    Since then it has cooled off. Not all the way cool but you can tell it slowed down quite a bit.  Now, we are doing a good mix of wholesaling, retail and TK...   as well as our own holds, Including a big airbnb push for 2017.  Retail flips are great until you have one that doesn't move...    thats where airbnb comes in :)  

Not a war zone at all but like @Mike D'Arrigo said it can still be a challenge to make multi units work. Keep in mind there are plenty of SFR for rent in that area for 650 - 750. If given the equally priced choice (good) tenants will choose sfr over a duplex any day. Price your units accordingly.