Can I find Indy real estates deals for 50k with an ARV of 150k? Yes, here are real life examples.

by | Real Estate Investing, Indy Anna

Can I find Indy real estates deals for 50k that have over 60k of equity? Yes, here are real life examples.

First of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com.

This is a quick video I made about  a Hero’s experiment…

Where’s an area in the country (like Indiana) that I can still find real estate deals to get for around $50-75K, with $35-50K for rehab and end up with an ARV around $100-150K?

Indy Ann explains;
– Are these deals still available in the Midwest
– Where to find these deals if they do exist
– Examples of these deals and ONE secret detail

So this question came in from someone and we wanted to make sure and answer it directly clear it up in our most ‘Hoosier hospitality’ way.  ; )

There are some great answers to this, but I wanted to make sure our friend knew a few more details about a Midwest gem that might have  been overlooked.  This is about real estate investing specifically in Indiana.

I do deals in Michigan and Ohio as well, and those are great places too.  So don’t get me wrong when I talk about Indiana because I love other areas to invest as well, but there are a few things to know about before you set out on your first OOS investment (and congratulations!) anywhere.

Why invest in Indiana real estate?

– Indiana is more landlord friendly AND usually better with taxes (even from a basic end user POV, sales tax is less in Indiana for example)

– Indiana and Michigan are some of the only states where you can still find 2% houses.  A “2% House” is a house that rents for 2% of the purchase price.  So a $30,000 house that rents for $600 for example.  

– There’s more economic growth happening in general with Indy than other Midwest areas.  I’ve done a completely separate class before on the reasons Indy is quickly becoming a Midwest tech hub and National headquarter location for many businesses.

Indiana has areas just like most every other state in investing class. 

What’s special is our average purchase price point, end user needs, and landlord friendly laws, among other things:

–  Class ‘A’ areas aren’t going to be the answer to the question asked.  Places like Carmel, Geist, Zionsville generally speaking are not going to be your target areas.  Yes there are some streets here and there (like Homeplace in Carmel) that you can do deals but for the most part you’ll stay out of Class A areas.

– Class ‘B’ areas and into class ‘C” areas are going to be where this ‘sweet spot’ is for your first  investment goals that you described in the question.  These are areas like Haughville, Bates Hendricks,
Irvington, Broad Ripple, Franklin, Speedway, Avon, etc.

Here are some example, real life deals:

3926 N Bolton Ave
Indianapolis IN 46226

Listed for $55K

1225 West 31st Street
Indianapolis, IN 46208

441 N Temple Ave.  (75k) 
Indianapolis, IN 46201

What’s so special about those Indiana houses?

First of all it took me less than five minutes to find them right off the MLS.  I’m doing deals like this everyday and to the right investor they are gold.

Each of those was listed for right around $50k and they have an ARV of $150k or more.  Also they need less than $25k of work.

Those are exactly the kinds of deals in the question.

Okay, and that big secret I mentioned earlier?

Here’s that BIG secret about Indy real estate investing…

– The MAIN factor will be who you work with and the boots on the ground.  If you can’t or don’t want to be here personally, and being a true OOS is the end goal- having your go to Indiana person is going to be key

– My direct line is 317- 969-5619 (which means if I’m in then YES I’ll actually answer lol)

– You can ALWAYS connect with me by email too Love (at) BigReia.com

So to recap- YES being a first time OOS investor in the Midwest is totally possible given the  numbers asked about.  I gave you reasons as to why Indiana would be (and is far many an OOS) their ideal investing location AND I made sure to bring some example deals for you to see exactly what I’m talking about.

So what’s next Anna?

Make sure to just check out these example deals and reach out to me with any further questions about why Indy really is many an investors favorite area. 

Call me directly or send me and email/ direct message…

And as always…

Make the Universe SMILE.  = )

~ Indy Anna

 

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?

Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord.  Exactly how many Indiana rental properties do you need to make 30 grand a month.  Anna can you help me invest in Indianapolis turnkey real estate investment properties?

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list. 

Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download.

Also perhaps the most important class Azam has done is on the "Frequency of Thought" and how to use the laws of quantum physics to rewire your brain, attract brilliance like a lightning rod and be the best version of yourself.  Check out this epic 3-hour class on Quantum Real Estate.

When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate?  Well that's exaclty what I did with our “People Page” here it is:

A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.

Stay here at BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Income Ascension and Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
(YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

Free Comic Book Reveals:

100 FREE ways to find motivated sellers.