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