Super Bowl 2012 Legacy Project
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Indianapolis is in the midst of a neighborhood revitalization project. Our local CDC, Indy-East Asset Development, plans to rehab/build 300 homes in the Near Eastside as part of the Super Bowl Legacy Project.
A partnership with several large local developers has been formed and designs are being formulated for building to begin in 2010!!
Through the city's "Great Indy Neighborhood Initiative" (GINI), the Near Eastside has developed a Quality of Life Plan (Check it out at www.indyeast.org). Implementation of the this plan was chosen as the Super Bowl 2012's Legacy Project, and will include a new athletic facility at Arsenal... continue reading >>
Why you should invest in Indianapolis real estate
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With a population of almost 800,000 people, Indianapolis ranks as the 12th largest city in the U.S., and is the capital of Indiana. It has a variety of cultural activities and an assortment of entertainment choices. Indianapolis is an ideal place to live, and is a great place to invest in real estate. With its low cost of living, Indianapolis was ranked the #1 most affordable place to own real estate by Forbes Magazine.
Indianapolis has a rich variety of areas and neighborhoods. The most popular ones include:
Broad Ripple Village
Lockerbie Square
Butler-Tarkington
For... continue reading >>
Facebook: for work or play?
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Facebook launched the popularity of social networking sites. While a growing number of companies use Facebook, among other social websites, it started out as a college-only network.
For Play:
In the beginning, signing up on Facebook required a university-issued email address. Students could interact with their friends from home, or even with their friends down the hallway in their own dorm. It was used for fun, to post photos of weekend parties, update everyone on what you were doing (A friend of mine would post in her "status" that she was studying at the library. In reality, she was... continue reading >>
The benefits of using a property management company
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Do it yourself?
A lot of people choose to manage their investment properties themselves. Especially in this economy, I can understand the idea of saving money by taking care of the maintenance on your rental properties, or managing the rehab on a fix and flip, on your own. But the truth is, the more properties you acquire, or if you invest out-of-state, doing these things yourself will cost you a much more valuable asset; your time. Managing tenant issues, repairs, rent collection, etc., can be very time consuming, and can sometimes require more experienced professionals.
Hire Property Management?
... continue reading >>
The ins and outs of bulk buying
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Opportunities
Buying in bulk is a great investment opportunity. Buyers can enjoy substantial discounts, among a number of other benefits. Buying in bulk typically involves buying properties across multiple states, as well as multiple cities within a given state. Risk is spread through numerous properties; a loss an any one property is offset by gains on another.
There are many exit strategies to take after purchasing in bulk. The whole package can be re-sold to another investor, or broken into smaller packages and resold to multiple investors. The properties can also be rehabilitated and rented for monthly cash-flow,... continue reading >>
Buying real estate with self-directed IRAs
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What is a self-directed IRA?
A self-directed IRA allows you to use your retirement fund to invest in such things as stocks, bonds, and mutual funds, but also less traditional investments, like real estate, mortgages/deeds of trust, private placements, tax liens, and other private placements and limited partnerships. It is a common belief that you can only hold CD’s, stocks, bonds, and mutual funds in your IRA. Many don't realize that there are other options. Really, the only two things that are off-limits are collectibles and life insurance, according to IRS rules. As the name suggests, it is simply... continue reading >>
Make connections through your personal interest blog
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Yes, we all love real estate blogs, but what about our personal interest blogs?
A woman I work with brought up an interesting point yesterday. She mentioned how she has made valuable business connections through her cooking blog. She already has a common interest with the people reading and posting to her blog, which automatically gives her something to talk to them about.
So why not reach out to them, find out more about their other interests and what they do? You never know when you'll meet someone who could use your real estate help, or who knows, you may... continue reading >>