| Increasing numbers of low cost residential | | | | housing in many dormitory cities of |
| housing swelling Indiana foreclosure listings | | | | Indianapolis. A foreclosure property will |
| mean your first investment can likely be made | | | | need varying degrees of repair and renovation |
| for less than that you might spend on a | | | | the longer the owner-borrower has been in |
| family car or renovations to your current | | | | financial distress or the foreclosed property |
| residence. | | | | vacant. An investor with limited cash but |
| | | | access to credit can invest his own labor in |
| Investing in a single family home or multi | | | | order to increase the value and make the |
| family residential property is a smart move | | | | property more attractive to a retail buyer. |
| now in most states where cold housing markets | | | | There are various strategies for buy and hold |
| mean a buyer has many options. Average sales | | | | and buy, fix and sell investments, which must |
| values of foreclosure usually, but not | | | | be determined at the time of the original |
| always, come in at numbers far less than the | | | | investment in order to maximise return. |
| median value of traditional homes in the real | | | | |
| estate housing market. Indiana, along with | | | | How to find these starter investments? |
| Ohio and Tennessee, has a particularly low | | | | Foreclosure listing services offer search |
| average foreclosure sale value, recorded at | | | | features by county and city that present |
| around $69,000 in June 2007. Reputable and | | | | properties in all three stages of foreclosure |
| comprehensive foreclosure listings online | | | | within selected price bands. For those that |
| services will prove that there are many | | | | aren't familiar with the low cost communities |
| properties below this average, some well | | | | in Indiana, most listings services have |
| below, and it is not at all unusual to find | | | | detailed map imaging, give the demographics |
| property in suburban and rural areas of the | | | | and some give neighborhood feature |
| state listed around $25,000. | | | | information. As your knowledge of this |
| | | | particular market grows you will gain the |
| It stands to reason that many of these low | | | | confidence to rollover your nest egg time and |
| cost properties are also low income rental | | | | time again, growing it substantially in no |
| propositions, with a strong market demand. | | | | time at all. |
| There is always strong demand for affordable | | | | |