Devon L. Hicks


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Where to Invest in Indianapolis: Warren Township

By Devon L. Hicks on Jun 23, 2019 10:00:00 AM

Moving right along in our series, the third township we will be discussing, is Warren.

One of the nine Marion County Townships, it was named for American physician, Joseph Warren, who played a large role in the Patriot organizations during the American Revolution.

According to the U.S. Census Bureau, the population was at 104,572 as of 2017.

The median age is 35.8, with 58% of the population being female.

The median annual household income is $42,199 according to BestPlaces.

Niche reports a median home value of $104,600 compared to the national average of $184,700 and the median rent at $811, compared to the national average of $949.

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Where to Invest in Indianapolis: Pike Township

By Devon L. Hicks on Jun 16, 2019 10:00:00 AM

Another one of the nine Marion County Townships, is Pike.

Located in the northwestern portion of the county, it lies completely inside of Indianapolis except for a small portion of Clermont.

The township is named for Zebulon Pike, an American general and explorer.

The most notable attraction of Pike Township is hands down Eagle Creek Park. At approximately 1,400 acres, it’s the largest park in Indianapolis, and one of the largest municipal parks in the US.

According to Census Reporter, the current population is at 82,247 with a median household income of $52,917.

The median age is 32.4 with a fairly even male-female ratio and almost half the population falls into the 20-49 year old age range.

There’s also a pretty even split of homeowners to renters with 52% going to the former and an estimated 8% vacancy rate.

With 1,160 homes sold in the last year, the median sale price was $147,000 and the median monthly rental rate was $1,285 according to MLS data.

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Where to Invest in Indianapolis: Washington Township

By Devon L. Hicks on Jun 9, 2019 10:00:00 AM

We work with numerous investors on a weekly basis, many of whom are new to the Indianapolis market, or are new to REI in general.

If you find yourself in one of those categories, you’ve probably asked the question, “Where should I invest in Indianapolis?”

While we’ve touched on this topic in a previous blog, we thought it was time to dive a little deeper.

We’re going to breakdown the Central Indiana market for you, township by township.

We hope this series will offer some insight into what Indianapolis has to offer, and will help you determine the best area to invest in for your goals and strategy.

First up, Washington Township.

Now, our office happens to be located here, so we may be a little biased, but we had to start somewhere!

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What Do A,B,C,and D Class Properties Look Like in Indianapolis?

By Devon L. Hicks on May 26, 2019 10:00:00 AM

If you’ve been investing in real estate for any period of time, or even if you’re just in the research phase, you likely know about property classes.

Just in case you’re brand new to REI and have no clue what I’m talking about, there’s an informal grading system that investors use to classify properties.

Yes, I mean literal grades such as an “A” property or “C” property.

I say it’s informal because everyone has their own variation and subjective opinions about what each grade constitutes.

One investor may think a property is a “B” class while another considers it a “C”.

Some grade on an A-B-C scale while others go all the way down to an “F”.

Some go even more in depth by adding pluses and minuses into the mix.

But with all that aside, at its core, the grading system is universally known and is an important factor to consider because each class represents a different level of risk and return.

As a company who manages mostly A/B properties, we are often asked what those types of properties look like.

So, we thought we would take some time to break down each class, provide some real life examples from right here in Indianapolis, and hopefully be able to help you determine which class of property best fits your investment goals.

For the purposes of this blog, we’re going to use an “A” through “D” scale.

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3 Reasons to Use Your Property Management Company to Buy Rental Properties

By Devon L. Hicks on May 12, 2019 10:00:00 AM

When it comes to finding and purchasing rental properties, you want to ensure you have a knowledgeable, experienced partner to help you in your search.

Buying investment properties is a whole other ball game compared to simply purchasing a personal residence.

You have to think about the make-ready work, rent rates, cash flow, appreciation, crime rates, school districts, property taxes, etc, and how it will all fit in with your goals and strategy.

You also have to think about management. Are you going to self-manage or have a third-party handle that for you?

If you’re going to hire a Property Manager anyway, why wouldn’t you take advantage of using their brokerage services as well?

It makes sense on so many levels, and we’re going to discuss a few reasons why:

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3 Keys to Successfully Buying A/B Class Indianapolis Rental Properties in 2019

By Devon L. Hicks on May 5, 2019 10:00:00 AM

For the past several years, we’ve been a go-to Company for many investors around the world, all in search of the great real estate deals Indianapolis has to offer.

Indianapolis is, without question, a hot bed for real estate investment.

Everyone wants a piece of the pie, and what makes it even more difficult, is everyone wants the same piece of the pie.

There are hundreds, probably thousands, of investors with the same criteria looking for the same deals that you are.

Not only that, but when you’re dealing with A/B class properties, you also have to compete against a high volume of owner occupants.

So in essence, you have double the competition as other investors who are looking for homes in the C/D classes.

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