How to Do a Good Real Estate Deal in Indy Right Now – April 2023

There are Good Deals in Indianapolis Right Now!

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Randy Placencia is the Director of Sales at Simple Wholesaling. He interviews Ronnie Reese, Head of Acquisitions at Simple Wholesaling, about the current Indianapolis real estate market. Ronnie makes clear that there are good deals out there if you know how to get them. Randy and Ronnie discuss strategies for how to do a good real estate deal in Indy right now.

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If you're looking to get your wholesaling business moving again, but are struggling to figure out how, Ronnie will give you great advice on how to operate in the current Indianapolis real estate market. And he will give solutions that will benefit both buyers and sellers. Finding creative solutions to help each other out is pivotal at this time.

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0:00 Intro

1:00 Update on Indy Market for Wholesalers

1:36 Market was dead in Indianapolis at the beginning of the year – Sellers wanted higher selling prices, buyers were backing off – but adjustments have been taking place.

2:32 The Indy Market is beginning to pick back up. Sellers are tired of holding onto properties. Buyers are back. More activity is happening.

3:50 What's it like working with a wholesaler right now in Indy? - Wholesalers are having to do the work to create a proper report. Buyers have more time to look at the property and run their own numbers to make a better assessment. Sales aren't as urgent even though they're picking back up.

6:30 Are there chances to negotiate for lower prices for wholesalers in Indianapolis? - There are opportunities to be more conservative as a buyer right now. There are a lot more properties to take a look at on the MLS right now. It's okay to wait on buying a property right now if there are question marks.

8:20 Secondary markets in Indiana have good buying prices right now like in Anderson or Muncie or Richmond, but you have to have a strategy. The appreciation won't be the same. Other things to take into consideration. Other certain secondary cities have more going on for them that make more sense to buy in right now. Opportunities are there if you have the right strategy that fits for you.

10:38 Buyers shouldn't get too anxious. Have to consider your Indy team won't work the same in Muncie or other cities. You'll have to build secondary teams to attack other areas well.

12:00 What does it look like for a seller to market properties in Indy right now? - The temperature on sellers goes both ways right now. Some wanting high asking prices, some willing to sell lower. Leads are crucial right now about who really wants to sell lower right now. Also, does the seller like you enough and trust you enough to work with you.

14:15 Sellers in Indianapolis are looking for creative financing options right now. Talk to people like they're human, and see what they really need, and you'll be able to work out more deals right now. Sellers are willing to be flexible if you can talk with them and figure out their unique problems and solutions. You can't treat sellers like numbers right now. Find solution based sellers.

18:10 How does Chat GPT and AI change the wholesale space? Right now, people who aren't strong with writing and marketing are using Chat GPT to excel in their work. Also some people have been using it to write letters to the sessions office to get lists on homes with forclosures or back taxes, and it's been working. It will be a good tool going forward for people in real estate.

20:15 Wholesaling Meet-Ups in Indianapolis – changing meet-up strategies. 9 week mentor course being offered to fewer more dedicated wholesalers right now to find more success for wholesalers in Indy. Goal is to help person close 2 deals in that 9 week period. Quarterly meet-up for larger groups.

22:20 Contact ronnie@simplequarters.com or randy@simplequarters.com about courses, properties, or other questions

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SIMPLE WHOLESALING

https://simplewholesaling.com