Indiana Rental Property, Mortgages for Real Estate Investors
Indiana may not be the most popular state in the national media, but could this make this state one of the most appealing to buy and hold rental property investors?
Indiana: Little State, Big Opportunity
According to Wikipedia Indiana is one of the smallest states in the country, and its leading cities are also of modest population sizes in comparison to many famous US cities. However, Indiana does hold some little known advantages which could serve income property investors very well over the next decade.
Indiana has a relatively young population with a median age of 37 years old. The state escaped the worst of the housing crash, and remains strong economically thanks to a strong manufacturing industry, which continues to attractive companies willing to relocate here to take advantage of the highly skilled workforce.
Indiana is very affordable in terms of real estate which makes it a solid addition to the portfolios of long term hold, income seeking investors.
Few are also aware that Indiana boasts some of the fastest growing population centers including Hendricks, Johnson Dearborn and Hamilton County. Fishers, IN has seen a 100% population boom since 2000.
Real Estate Trend Watch
In contrast to much of the rest of the nation where investors have rapidly inflated values and have depleted inventory so far that sales volume is declining, IN is in growth mode.
The Indiana Association of Realtors (IAR) reports consistent month over month home sales volume growth in 2014. The median home sales price rose to $134,000 in June 2014. New listings grew by 5.6% in June.
IN home listing inventory is shrinking, but remains at just over 7 months’ supply, at 44,098 units as of mid-2014 indicating a strong pool to pull from
Year over year almost 30 IN counties realized double digit home price growth. This was led by Switzerland County with an increase of 222.3%. Switzerland, Pulaski, and Parke County all experienced 200% plus growth in home sales volume for the 12 months to June 2014
Neighboring states Illinois, Michigan and Ohio have been attracting international attention from real estate investors seeking great yields on single family home rentals with appealing outlooks for asset value growth. Indiana has avoided some of the crazed gold rush mentality, creating more value for savvy, forward thinking investors.
Indianapolis, IN based mortgage lender Rental Home Financing is now offering residential mortgage loans for bulk acquisitions, and refinances of portfolios to expand. Low rates, blanket mortgage funding, and non-recourse options could give Indiana investors a superior edge for cash flow and total returns.
State of Indiana Real Estate Resources:
Landlord & Real Estate Law in Indiana
Indiana revised code for real property
Indiana Real Estate Commission Laws and Regulations
Indiana Citizen's Guide to Property Tax
Indiana property tax forms are located here also.
Tax information: https://www.in.gov/dlgf/2516.htm
Real Estate & Professional Licensing
Indiana Real Estate Commission
Indiana Professional Licensing Agency
Attn: Indiana Real Estate Commission
402 West Washington Street, Room W072
Indianapolis, Indiana 46204
Phone (317) 234-3009
Indiana Investment Real Estate for Sale by the Government
Indiana multi family housing may be available for purchase from Indiana Department of Administrative Services General Services Division. The state of Indiana, through the Indiana Department of Administration, is in the process of disposing of certain real property; subject to all existing legal rights-of-way, easements, conditions and restrictions of record.
Indiana Department of Administration
Real Estate Sales
Department of Transportation
COUNTY-OWNED SURPLUS REAL ESTATE
USDA-RD and USDA-FSA.
Government owned Multi Family Housing may be for sale by the USDA-RD and USDA-FSA.
To see if there are any RD/FSA rental properties for sale in Indiana, CLICK HERE.
Contact us today to help finance your Indiana investment property portfolio.
More than just a leading U.S. Blanket Mortgage Lender, Rental Home Financing is your partner for long term wealth building and cash flow generation. We’re invested in your long term success.
Contact us today and experience a refreshing new approach to financing investments…