4 min read

Tales of an Indianapolis Landlord: The Big Purchase “Mistake”

By Jeremy Tallman on Mar 9, 2020 11:00:00 AM

We provided a nice “State of the Indianapolis Real Estate Market” during last week’s blog.

It’s not a secret… buying rental real estate in this market is tough. 

And, frankly, it has been for a few years now.

Our brokerage group works hard - every day - to find deals.

We write a lot of offers and, more times than not, we get outbid. 

Losing out on properties is part of the territory. Our job is to continue to provide opportunities for our Clients, which educating them along the way. 

Topics: Indianapolis market New Landlord
5 min read

Indianapolis Real Estate Investing: The 2020 Outlook

By Devon L. Hicks on Mar 2, 2020 11:18:04 AM

As one of the Agents here at T&H Realty, I speak with numerous investors on a weekly basis. 

Most of those conversations go something like this:

“HI, I’m Joe Investor and I’m looking to purchase properties in Indianapolis. I’ve heard it’s a great area to invest, and real estate is much more affordable than where I live. I’m looking for cash flowing properties in good areas that meet or exceed the 1% rule.”

Then, I typically have to be the one to burst their bubble a bit. 

Now don’t get me wrong, Indianapolis certainly is a great place to invest. Our economy is thriving and there doesn’t seem to be an end in sight. 

However, with a thriving, growing economy comes a more popular and competitive real estate market. 

When you decide to invest in real estate, you have to have the proper expectations, and I’m finding that some investors just don’t, and that creates a very frustrating experience all around. 

So, as an Indianapolis investor, here’s what you can expect in 2020.

Topics: Indianapolis market New Landlord
2 min read

Where to Invest in Indianapolis: Zionsville

By Devon L. Hicks on Feb 24, 2020 11:00:00 AM

Just Northwest of Indianapolis lies the quaint, little suburb of Zionsville. 

This affluent community has been around since 1852 and was named for a pioneer by the name of William Zion. 

Zionsville is probably best known for its historic, downtown area which is lined with cobblestone streets and cute, little shops and restaurants. 

As of 2017, the population was reported to be approximately 26,710.

The median household income is $134,743 according to City Data.

MLS data shows that the average sales price of a home this past year was $476,654 and the average rental amount was $1,826.

Topics: Indianapolis market
5 min read

Indianapolis Real Estate Investments: Single-Family vs. Multi-Family

By Devon L. Hicks on Feb 17, 2020 11:00:00 AM

As a current or future Real Estate Investor, you’ve likely given some thought as to what type of rental properties you want to acquire.

The big debate really comes down to 2 main categories, single-family (SFR) vs. multi-family (MFR). 

So, which one is right for you?

Both have their advantages and disadvantages, and similar to most other real estate investing questions, the answer is....

"It really just depends." 

It depends on your investment goals, strategy, and overall end game. 

You’ll find convincing arguments for both SFR and MFR, leaving it up to you to weigh the pros and cons of each to determine what will be the best route for you. 

And that’s just what we hope to help you do as we provide insight into both investment types.

Note: For the purposes of this blog, single-family will refer to single-family, detached homes. We have an entire blog that discusses the pros and cons of investing in condos. 

Topics: Indianapolis market New Landlord
3 min read

Indianapolis Rental Marketing: How to Reel in Tenants

By Jeremy Tallman on Feb 10, 2020 11:00:00 AM

My son loves to fish.

Like… he REALLY loves to fish.

A few years ago, after the obligatory stint at McDonald's, my son took a job during his Junior year of High School at Geist Marina, where he was exposed to fishing - serious fishing, that is, - for the first time in his life.

Geist, it turns out, is quite the fishing spot for largemouth bass. It brings in a lot of fishermen, who spend time at the Marina fueling their boats, purchasing snacks and, yes, recapping their days on the water. 

He listened to their stories, started dabbling a bit and, as cheesy as this sounds, the kid was completely hooked. 

The job at the marina allowed him to make some money, which he began spending on rods, reels, spinners and, I assume, whatever else goes into equipping a proper fisherman.

Topics: Indianapolis market
3 min read

Where to Invest in Indianapolis: Beech Grove

By Devon L. Hicks on Feb 3, 2020 11:00:00 AM

Located within the Indianapolis Metropolitan area near the University of Indianapolis, is Beech Grove. 

This city was incorporated in 1906, and was founded as a company town for a railroad repair facility. 

With a total area of 4.39 square miles, this city is small, but offers Investors some great deals. 

As of 2017, the population is estimated to be 14,795. 

According to MLS data, of the 232 homes that were sold in the last year, the median sale price was $125,000. 

Of the 29 homes leased in the last year, the median rental amount was $985.

54% of residents own their homes compared to 46% who rent. 

According to Census.gov, the median household income was $40,741 as of 2018.

Neighborhood Scout reports that most occupations here are sales and office related.

Topics: Indianapolis market

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