4 Reasons to Invest in Indy Real Estate
Article authored by Vickie Perry, Executive Director
Information contributed by CIREIA Board Members - Sterling Davis and Dave Short, and Brian Snider of Simple Wholesaling on their Indy Investor Pod show.
View the full episode and subscribe to Simple Wholesaling's Youtube channel for the latest episodes.
The Indianapolis real estate market is a very stable "Steady Eddie" market.
During the 2008 crisis, while many investors in markets like California and Texas were suffering massive losses (due to really high entry costs), Indy investors were coasting.
One of the big reasons why is because Indy's entry price is so affordable.
You can get into a property for under $100,000, see steady appreciation over time (for your buy and holds), and expect a steady returns of ~10-20%. Who wouldn't love that?
Most Indy neighborhoods have all kinds of investor participants including:
- rentals
- flips
- partial rehabs
- notes on properties
Indy is one of the few cities in the country where this is possible.
This is a huge benefit because if a project doesn't work out they way you planned, you can always pivot strategies. In other areas, there is only one viable strategy, and if that strategy ends up not working out then you are out of luck.
Indianapolis has some of the most favorable legislation for real estate investors in the country. And favorable legislation means that, it is easy for you to do business.
It doesn't mean that we don't have to fight for it at times... but that's why Indiana State REIA was established, to ensure that independent real estate investors have legislative representation.
With CIREIA (Central Indiana Real Estate Investors Association) being such a large and well developed REIA, building your team, making connections and learning the ins and outs of investing is easy.
The investor community here also looks out for, and supports one another. Your biggest competitors aren't like competitors, they are colleagues and teachers that help you grow, because at the end of the day we are all in this together.
