Tag Archives: Broad Ripple Real Estate

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Flipping Homes in Broad Ripple

The current Real Estate Market has created many fantastic Investment Opportunties throughout the country.  Prices are down foreclosures/HUD Homes etc. are coming on the market daily, creating many great chances for investors to buy Real Estate at a discount, rehab the properties, and sell for a profit.
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We at The Andrew Neal Group at Century 21 Scheetz in the Indianapolis area love to invest and help other investors profit from buying HUD/Foreclosure Properties, help rehab the property, and then we sell it for a substantial profit.  Here is a video below of one of the homes we are working on currently in the South Broad Ripple area on the Northside of Indianapolis, a hot area for investing.

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Before:

http://www.youtube.com/watch?v=99fmH-CmpWc

After:

http://www.youtube.com/user/andrewnealgroup#p/u/3/ue16vFdzZBA

My personal favorite area to invest is in Broad Ripple.   In the Broad Ripple Area, we purchase homes typically between 20k-40k cash for our investors and then rehab them for between 25k-35k.   The homes are usually HUD, Bankowned, or Estate Sales.  We then go on to sell the homes for between 95k-120k.  The renovations to the homes typically include, new roof, repaint siding, new windows, restain hardwoods, ceramic tile kitchen, new cabinets in kitchen, new granite countertops, new stainless appliances, paint interior of home beige with white trim, possibly finish basement if numbers work, etc.   We then stage the home and put the home on the market.  The home’s typically sell within 1 day-2 weeks on the market.

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The Andrew Neal Group helps investors locate potential properties throughout the Indianapolis area.  The most popular places are in Broad Ripple and Eastside Indianapolis.  If you would like us to help you with your investing needs feel free to call us at 317-371-8133 or email us andrewneal@remax.net

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Broad Ripple Real Estate and Living

Broad Ripple is located just north of downtown Indianapolis in Marion County.  It offers many fun things including bars, top restaraunts ranging from fast food to high-end steakhouses.   As growing up on the Northside, the most popular thing to do was the nightlife in Broad Ripple.  Once it gets dark, the Broad Ripple strip lights up with 100′s of people crowding the streets and all the bars.  There are many bar options including sports bars, casual bars, dance clubs, and low key small bars off the strip.   There are many outdoor activities to do during the day as well including boating on the white river, walking/running on the Monon Trail which runs from downtown Indianapolis right through the heart of Broad Ripple up to the suburbs.  The great thing about Broad Ripple too is that it is only a short drive north to the top shopping malls and restaraunts and a short drive downtown to all downtown has to offer and many people’s place of business.
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Real Estate in Broad Ripple is extremely popular.  It is not unusual to see multiple offers on a home within a few days or weeks.  As a top Real Estate Agent in the Broad Ripple area, I typically represent many first time homebuyers purchasing an affordable home.  I also represent many sellers ranging from people who are moving from their Broad Ripple Bungalows to a larger home in Meridian Kessler or moving up to larger homes with bigger yards, and  higher ranked schools in the suburbs.  I also represent many investors who purchase bankowned/reo and HUD properties between 20k-40k and sell them between 100k-120k.   Here is a video walk thru of one of our flip properties:

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http://www.youtube.com/user/andrewnealgroup#p/u/4/ue16vFdzZBA

There are many great resale homes available right now as well.  The hottest area of Broad Ripple is between 62nd(Broad Ripple Ave.) and Kessler Ave.

have sold many others including several in 2010 on Crestview and Norwaldo.   We recommend to our buyers to find a home with an updated kitchen, newer windows, newer roof, and refinished hardwoods.  You can expect to pay around 150k-200k in the hottest areas.  If you go South of Kessler you can find good deals and still close to Broad Ripple Ave.  If a buyer wants to purchase for under 120k,  the best area is to buy a rehab off an investor for between 100k-120k.   Regardless of your price range there are great deals to be had in this market.   Feel free to call me personally anytime with any questions or if you would like to see good options in Broad Ripple or if you are considering selling your Broad Ripple Home.  You can call me at 317-513-7695 or email me at andrewneal@remax.net.  Thank you for reading my blog