Fort Wayne Real Estate Market is doing very well

I have had several calls from potential new clients who want to discuss the tax benefits of real estate investments.  I have talked to seven people in the last six months alone and that is a record for me.  There are a growing number of investors from the coasts who are investing in the Midwest and there are large social media groups discussing this topic.

The Fort Wayne real estate market is currently a sellers market in many price ranges and geographical areas.  Many sellers are getting multiple offers within the first 24 hours and there have been quite a few properties sold at significantly above asking price.  This is not normal in Fort Wayne, Indiana!

I have a lot of clients who own rental properties and who flip houses.  Please call me at 260-407-5000 if you have tax questions regarding real estate!

Interesting Fort Wayne Rankings from Niche:

  1. For 2019 of the 228 largest cities in the US Fort Wayne has the lowest cost of living.
  2. For 2019 Fort Wayne ranked 13th out of 228 as far as the affordability of buying a house.

Mike Sylvester, CPA/ABV. MBA

 

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