INDIANAPOLIS — Growing up in West Indy, Terone Johnson and Omari Heflin never thought about a future career in real estate.
“I didn’t even know that,” Johnson said. “Just because there weren’t people in front of us doing it, didn’t make it look like us.”
Johnson was into music and sports. He played basketball at North Central High School, Purdue University, and eventually overseas.
His goal has always been to return home and give back to the community.
Both Johnson and Heflin are now co-owners of Legacy Home Buyers, a real estate investment firm.
“It’s good and bad everyday,” Heflin said. “It’s business, it’s real business, but we love it. We beautify our communities.
Heflin grew up near 16th Street and Tibbs Avenue and graduated from Ben Davis High School.
“Last week I bought a property in the neighborhood, a street we grew up on and it’s like surreal, the same street we used to walk down,” Heflin said.
Legacy Home Buyers now owns 60 rental properties across Indianapolis. They also repair properties and sell them.
“Our general focus is areas where there’s gentrification because that’s where the city or where investors are kind of pushing those areas, those markets,” Heflin said. “So we go in and we try to grab these different properties that are still opportunities for us. We fix them, but it’s still affordable, usually in the $100,000 to $200,000 price range, which is usually for a first-time owner or buyer.
After starting their business in 2019, Johnson and Heflin are finding success and want to share their knowledge with the community.
“Home ownership should be more accessible. People should understand it and people should have it,” Heflin said. “That’s why we organize different events and trainings to help people get started in real estate investing, or at least become owners.”
The next Legacy Home Buyers Networking Event will be November 15 from 6-9:30 p.m. at the Skyline Club. It’s free but you must RSVP. The event will include a live Q&A session with Johnson and Heflin. It will also be an opportunity to meet and network with real estate professionals in the region and to develop your business.
“I talk to people who are just getting into the business, I talk to people who have been in the business for 20-plus years,” Johnson said. “We’re now in these communities, we’re able to ask different questions, broker deals with each other and help people…so that’s huge.”