Beautiful 2-story 4 bedroom home in Sycamore Springs, southern exposure with open and spacious floor plain, raised ceilings, hardwood floors, great room with fireplace, lots of windows, large breakfast bar, den, main floor master suite with tray ceiling and separate garden tub and shower with walk-in closet. Large loft, formal dining room, 2-story entry, large basement, private patio, oversized 2 car attached garage.

Available for lease at $3,000/month, lease option price is negotiable, but will be in the mid $400’s.  5% down minimum, 2 or 3 year option available.    Buy it out right for $425k

Do you have a home you need to sell but can’t because of the marketplace?  Sign up for our newsletter for our unique marketing program that gets your home exposed to triple the number of potential buyers.  Indianapolis Lease Option Homes and Lease option purchase homes.  Or contact Craig at 317-490-5074 or Derek at 317-796-9825 to schedule your listing appointment.

Appointment times are limited because of the high demand for this unique selling approach.

Take a look at the Indianapolis Homes For Rent right now!

From article:

Step 4. Decide whether you’ll need to hire a property management company.

If you’re moving away you’ll need a dependable relative or management company to monitor and maintain your home.

"Small headaches can become larger headaches pretty darn quick," said Derek Crager, founder of property management company Crager-Bartels in Plainfield, Ind. "A drip that nobody takes care of (can) turn into a rotten floor."

Management companies will handle everything from screening prospective tenants to collecting rents and providing handymen for maintenance.

A standard monthly fee is 10% of the monthly rent, Crager says. You should be sure to find out if companies you’re considering charge extra for billing or special visits to the property. These small extra charges can add up.

The information above is part of how our real estate triple play marketing system works to get you cash for your home!

Details on property one:

Watkins - Stratton Model by M/I Homes. Available for lease back to M/I homes. 

Watkins / Stratton Model is available for $479,990 - lease term is $4,389 per month for (1) 6 month lease, with (15) 3 month extensions. 2% earnest money required at time of contract. $1,550 in buyer/seller closing cost plus 1% with the use of M/I Financial only. Located in Lawrence Community opened in July 2007 75 total home sites estimate of 3 years until close out at a pace of 2 homes per month

Photos of home are available online here

Now Look at the numbers:

Purchase price:  $479,990

Down Payment:  $47,999

Monthly payments at 7% for 30 year note:  $2,874.  Taxes:  $700/month.  Insurance: $100/month

Cash flow of $600/month plus depreciation expense of $5,900/year(based on 27.5 year amortization in 33% tax bracket).  = $600+ $489/month in tax savings = 1,089/month in cash flow before interest savings.   

Property goes up in value at a conservative 4%/year.  4% after first year is $19,200 increase in value.   Principal pay down is $300/month.   Add on the $1,089/month listed above. 

CASH ON CASH RETURN comes out to be $35,868/$47,999 =

75% cash on cash return.  WOW

I’m not even including your savings from interest deductions.

UPDATE:  THIS HOME WAS SOLD BEFORE I WAS ABLE TO GET THIS LISTED AND SENT OUT TO MY OTHER INVESTORS. 

An investor or ours found the photos I had placed under "specials", called me up, and locked in this deal already.

Details on property two(STILL AVAILABLE)

Carmel - Broderick Model MI Homes

Broderick model is available for $376,000 - lease term is $3,011 per month for (1) 6 month lease, with (15) 3 month extensions. 2% earnest money required at time of contract. $1,550 in buyer/seller closing cost plus 1% with the use of M/I Financial only. Model is located at Heather Knoll - located just West of Towne Rd on 141st st. Community entrance is on the north side of 141st St. Community is about 3 years old, will have a total of 151 homes when complete. Completion is estimated to be in 3 years…or more. We have 42 moved in homeowners. Of the 151 total, we have 50 home sites to be developed late fall 2008 / early spring 2009.

Photos of home are available here:

Now Look at the numbers:

Purchase price:  $376,000

Down Payment:  $37,600

Monthly payments at 7% for 30 year note:  $2,251.  Taxes:  $600/month.  Insurance: $80/month

Cash flow of $80/month plus depreciation expense of $4,512/year(based on 27.5 year amortization in 33% tax bracket).  = $80+ $376/month in tax savings = 456/month in cash flow before interest savings.   

Property goes up in value at a conservative 4%/year.  4% after first year is $15,040 increase in value.   Principal pay down is $260/month.   Add on the $456/month listed above. 

CASH ON CASH RETURN comes out to be $23,632/$37,600 =

63% cash on cash return.  WOW

I’m not even including your savings from interest deductions.

ALSO, we throw in one year of management for FREE when you purchase a new home through us.  When we mean one year FREE here, we mean one year FREE AFTER the lease back expires, not during the lease back, as there is really no management to be done while this is under a lease back scenario.

Contact Craig at 317-490-5074 or Derek at 317-796-9825 for additional information.  Also via email at info@MyIndianapolisHome.com or at our office at 317-839-8786

First, take a look at this stunning new condo built by Ryland located right in the heart of the new Anson development.  6320 Central Blvd  We rented this out in about 2 weeks, and it cash flows from day one!

Some new photos of Anson Whitestown IN 

Good progress has been made on the new condo’s and upscale apartments that are currently leasing and selling.  Notice the nice landscaping going in throughout. Also, DC’s Pub has finally opened!  This is a hot PUD, every Friday and Saturday night the entire parking lot is packed full of cars.  El Rodeo has also opened up over the past few months.  This is a great place to buy a real estate investment to hold long term.  Royal Run would be the best bet on a development to start investing in, it will get you in lower in price then anywhere else near the Anson development.  I of course put my $$$ where my mouth is, and own and rent out a ranch in the Anson development and Royal Run. 

Indianapolis

Projected median sales prices for single-family homes:

Q1 2008: $122,940

Q4 2009: $130,630

Growth rate: 6.3 percent

Indianapolis is riding a few trends that are bringing about an early recovery in its real estate market. While Indiana’s capital city did join in the housing boom this decade, prices didn’t reach the stratosphere. Indianapolis still suffered through the downturn, though: Building permits for new homes dropped 30 percent from their peak in 2005. But the housing market hit bottom earlier here than in most parts of the country - during the last quarter of 2006. Now, with the local economy poised to grow faster than the national average over the next two years, house prices are projected to post a respectable gain.
Indianapolis’s low unemployment rate has made it a destination for people fleeing cities like Fort Wayne, Gary, and Terre Haute. It’s also relatively cushioned from slowdowns in the national economy because more than a third of its workforce is employed in stable sectors like professional and business services, health care, education, and government. Those white-collar corps also help boost Indianapolis’s median household income to $50,500 a year. Given that you can buy a four-bedroom, 2,000-square-foot home for less than $200,000, that makes the place the nation’s most affordable major metro.

How to Play The Real Estate Bounce-Back

More photos available at the Indianapolis photo resource

• New carpet through entire house including basement
• New epoxy flooring in garage  and utility area of basement
• Water purification system
• 8 person hot tub stays!
• Roof 4 months old
• new gutters
• fenced in back yard with mature trees
• almost 3/4 acre corner lot!
• huge attic with temp controlled fan, lighting
• windows are 2 years old
• Ready for move in now!  No wait!
• Dual sump pumps with battery backups
• Large deck overlooks the wooded lot
• new stove
• new flooring in all baths, laundry room,  and kitchen
• new light fixtures throughout
• sold oak 6 panel doors and trim
• Brownsburg schools, Eagle creek area address!

For more information on property, check out the Indianapolis Home selling experts at MyIndianapolisHome.com

Relocating to Indianapolis, Relocating to Zionsville, Relocating to Carmel?  Over 50% of our business comes from people moving here from out of state.  We are the Indianapolis Relocation Experts!

Search the MLS, Seller listing tools, and more at MyIndianapolisHome.com

My website is generating between 2-3 leads per day.  In fact, my web traffic has increased 233% over the past 4 months.  A lot in part to my SEO work I have been doing on it.  About a week ago, an individual found my website, MyIndianapolisHome.com, and gave my business partner a call.  After talking with Derek, he found out she had an investment property(3 bedroom home) on the market for over 6 months during the middle of last year, it never sold. We also found out that the couple used one of the FSBO  discount brokers that just list your home on the MLS and that’s about all they do.   Pretty much no other market.  It sat there for six months with hardly any showings, no offers.  They had it listed for 110k at that time.   Remember this 110k price later.

My business partner met with them last Friday, and based on comps in the area, this thing should sell for more then 110k.  We listed it for 115k on Monday of this week.  Wednesday, we ended up with 4 showings.  Showing #2 put in a full priced offer for 115k.  Received pre-qual letter on buyer(credit score was in mid 750’s), and they are approved for 150k.  Want to move in as soon as possible.

Wow, we had it on the market for 3 days. And this is the Indianapolis market, not what I call a “hot” sellers market.

Oh yes, we aren’t discount brokers either:)

This home is in Washington Township, north side of Indianapolis.

We sold the home in just 3 days for 5% more then the discount broker.  You get what you pay for in real estate, just like any other industry.  If I went with an attorney that offered a “discounted” rate, I would be very concerned with what he was capable of really doing for me.

Want to sell your home fast in Indianapolis?  We sell over 90% of the homes we list, compared to 45%-55% for the average agent in Indianapolis.  Indianapolis selling experts.

Wouldn’t You Agree That Knowledge Is Power?

In order to help you avoid costly mistakes that can add up to thousands of dollars lost because of misinformation or non-information; this special package was developed to spell out, in detail, the Indianapolis home-buying process here on the Central Coast.

Many Indianapolis homebuyers today buy a Indianapolis home without considering the ramifications of their decisions. In other words, there are many buyers who rush into purchasing a home…more on a whim or an emotional “high,” rather than making home ownership a planned, orderly and informed decision.

In order to protect you, my client, and to help you avoid Carmel home buying pitfalls I have created this special report. I expect it will grow in time as I find other materials and ideas that buyers should consider before purchasing…or have available once they have purchased. Your input, therefore, would be invaluable to me.

I hope, that as a future Carmel homeowner, this package will serve as a tool to help you become more informed, better educated as a Carmel home purchaser and that, after your purchase ( or each purchase), you will become a satisfied homeowner here and be willing to recommend my services with a written testimonial to be added to my testimonial page (see last page).

There Is More To Purchasing A Home

Than Finding A Piece Of Real Estate To Make An Offer On

There is a need among today’s purchasers (and homeowners) for straight talk and sound advice on buying and selling. Home ownership is a huge decision in most people’s lives. It’s not just a shelter or even another investment.

It’s the place we bring our dreams to life in flower gardens and family rooms, backyard barbecues and home-cooked Sunday dinners. It’s the place we raise our children, the nest we nudge them out of and welcome them back to again and again. For many of us, it’s become our place of business, thanks to computers and fax machines that have made the home office a reality.

So it’s easy to see why buying or selling a home is often an emotionally charged, potentially overwhelming process. And helping people through that process remains the single goal of all the services we provide.

That’s why considerable time and effort have been devoted to staying in touch with the needs and concerns of all clients and potential customers.

Naturally, a great deal has been learned from the hundreds of families who have been helped to move over the years. They have told us about their dreams and fears, their joys and frustrations, their impressions of the positives and negatives of our business.

This package is the result of extensive research to find out what today’s homebuyers expect from a realtor, and what kind of help they really want and need. It’s based upon the questions we hear most frequently - questions that come from people just like you, with concerns and desires much like yours.

And it offers you straight answers, with some inside tips and “plain English” explanations to help you feel more comfortable and confident about your Carmel home buying and selling decisions.

Let’s start by asking a few important questions…

What are the 10 most common buying mistakes Buyers make?

1. Not using a Realtor
2. Not using the right Realtor for you
3. Not being clear with your agent regarding your wants and needs
4. Not getting pre-approved with a Lender
5. Not being clear and up-front with you Lender
6. Not being in escrow with your current home before shopping for a new one
7. Judging a home only from the curb
8. Making an offer lower than the current price differential
9. Not purchasing a Home Inspection
10. Not purchasing a Home Warranty Program

Where do I begin the process of looking for a Carmel home?

The first thing you should do is to begin focusing on what you’re looking for in a home.

You can start by establishing priorities in the following three areas:

Location:

Are you relocating to a new town because of a new job, or to be closer to your current job? Are you coming here to vacation or to retire here permanently?

How will the location of schools, shops, and transportation and medical facilities affect your choice of neighborhood?

Personal Taste:

How large a home do you need? What style of architecture do you prefer?

On what type of lot? Depending on where you want to live, you may have a choice of homes in dozens of styles, sizes, and settings.

Every family’s needs are different. It is helpful to examine what you like or don’t like about your current home or apartment. What don’t you like? What features are missing?

Do you have extra large furniture (i.e. king-size bed or large dining room suite) that you must accommodate? How important is the lot? Do you need a finished family room, garage, special needs room (i.e. office)?

Once you’ve examined all your wants & needs, make a list of the most important features that you absolutely cannot live without. Those go to the top of your list. Everything else is a compromise!

Budget:

How much home is it wise for you to own or how much do you want to spend on a monthly basis without eating popcorn for dinner every evening?

As you consider these things, do a little research of your own. Look through magazines for ideas about home styles and features. Drive through neighborhoods that appeal to you to see what’s available. Read the real estate listings in the newspaper to learn about the features that you are considering. The more knowledgeable you become, the better your final decision is likely to be.

This special report created by Crager-Bartels Real Estate at MyIndianapolisHome.com

Lowe’s, CVS, State Bank of Lizton and Fifth Third Bank now all have final development plan approval for the marketplace

By Drew Stone/The Lebanon Reporter

Lebanon — All spaces in the Marketplace at Anson have now received final development plan approval.
The two remaining pieces in the marketplace received approval Wednesday night at the Boone County Area Plan Commission meeting. The “anchor,” Lowe’s, and a “B shop,” Fifth Third Bank, now join the other two “B shops” CVS Pharmacy and State Bank of Lizton.
Both Lowe’s and Fifth Third Bank received unanimous approvals, with the bank proposal needing almost no discussion before a vote was taken.
Anson Project General Manager Tom Dickey explained to the APC when petitioning for Lowe’s approval that Duke initially was looking to place a grocery store as the anchor of the marketplace, but, due to conflicts, that idea was dropped.
“We planned on having a grocery store,” Dickey said. “The market was just not there for it.”
Construction on Lowe’s is scheduled to begin in summer 2007 and should open six months afterward.
Dickey said after dropping the grocery store idea, Lowe’s came to them and showed great interest in working with them.
The marketplace Lowe’s will be a little more upscale aesthetically. A couple extra features to the building will be the use of limestone and functioning windows on the outside.
And while all on the board were in favor of the project, APC member L.J. Jernstadt said he had some concerns with future traffic, citing that it is already difficult enough for people to exit onto Ind. 334.
Attorney Mike Andreoli, who represents the landowner to the east of the project, also had a road concern. Andreoli asked if there might be a connecting road between the two properties to allow easier access between the two areas. Dickey explained they tried to do so previously, but discussions fell through and they were not intending to do so.
The Marketplace at Anson is located on the southeast corner of Ind. 334 and County Road 650 East. The total size of the area is 36 acres.