Emergency! Calling All Investors!!

By
Real Estate Agent with Keller Williams Indianapolis Metro NE AB20100584

Emergency!   Calling All Investors!!

I currently have a home listed for sale that I have not been successful selling.  Long story short, seller reneged having home staged as he promised to do once his current tenants moved out.Front of Carriagestone

Since it did not sell, he asked me to also list it for lease.  It is a very typical, three bedroom, two bath, 1,400 square foot house.  At $1,100, it is among the lowest of only 37 homes currently on the market for lease in Fishers, Indiana.  I have had no fewer than 20 inquiries. Luckily one of my assistants is handling the showings on this.

What this tells me is that Fishers, Indiana is in dire, desperate need of homes to lease at $1,100 or less.  So where are the investors??  Where are the people who can pay cash for the 76 homes currently on the market in Fishers for less than $150,000 and then turn around and lease them?  What other investments will give you a 10% or better return on your investment?

Emergency!  Calling all investors!! Please consider making rental properties your new money maker!

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Pat Haddad, ABR, CDPE, CRS, e-Pro, GRI

Haddad Team, Keller Williams Realty

317-840-7555

Pat@HaddadTeam.com

Indianapolis real estate and the surrounding areas of Carmel, Fishers, Geist, Morse, Noblesville, Westfield, Zionsville, and everywhere in between!  Whether you are buying or selling a home, I'll be with you every step of the way.

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Rainer
354,495
Nor Yeretsian
Envoy Capitol Realty Inc. - Toronto, ON
Envoy Capitol Realty Inc., Brokerage Toronto

Good Call out Pat. It is a good time in the US for investors to be coming out,

 helping themselves and the economy.

cheers

Nor

May 01, 2011 10:37 PM #1
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Judi K Barrett
Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma - Idabel, OK
Broker/Owner, Integrity Real Estate Services -IDAB

Pat,

Your points are well made and you'e put the call out there.  Hopefully it will be a wake up call for investors looking for homes in the Fishers area.

May 01, 2011 10:38 PM #2
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502,344
Pat Haddad
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel IN Real Estate Expert

Nor--Wish I had lots of extra money I could use for this purpose!

May 01, 2011 10:56 PM #3
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502,344
Pat Haddad
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel IN Real Estate Expert

Judi--It is like this in most of the areas I serve, I will bet it is this way across the country!

May 01, 2011 10:57 PM #4
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Joni Staples
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTORĀ®

It looks like a nice home to me! Hopefully those investors will see this and come running!

May 02, 2011 12:09 AM #5
Rainmaker
954,532
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
CNE - ASP - SRES .... Uxbridge Ontario Real Estate

Pat - todays low interest rates are encouraging small investors back into the rental market ..... hopefully they know the risks and the rewards side of rental properties

May 02, 2011 12:39 AM #6
Rainmaker
179,653
Brenda Whitman
CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming - Laramie, WY
Associate Broker, Laramie, Wyoming

Hmmm, I think you may be on to something there....

May 02, 2011 12:06 PM #7
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502,344
Pat Haddad
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel IN Real Estate Expert

Joni--I feel so sorry for the folks who cannot find a home to rent!

Kathy--I would have to believe that the rewards outway the risks!

Brenda--I know I am.  Wish I had some extra cash gathering dust!

May 02, 2011 10:01 PM #8
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Pat Haddad

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