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Updated almost 8 years ago on . Most recent reply

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23
Posts
9
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Mastewal Gezahegn
  • San Jose, CA
9
Votes |
23
Posts

Feedback on investing strategy/Indianapolis area.

Mastewal Gezahegn
  • San Jose, CA
Posted

Hello BP

I am an aspiring investor. I have recently been looking at Indianapolis, more specifically the west side of Indy zip Code 46221. I have created an excel spreadsheet to analyze the many properties in that area I can afford. So I can x out ones with Cash On Cash ROI below 10%.

I plan on using the house hack method(as my job allows me to work from home) with an FHA Loan as this is my first investment.

Any advice BP members can give me on this area of Indianapolis or ideas on investing would be greatly appreciated.   

Please feel free to ask me more questions. 

P.S Ignore my ignorance. I'm as fresh as a new born baby in the real estate world.

Thank you

Most Popular Reply

User Stats

670
Posts
352
Votes
Jeff Wallenius
  • Specialist
  • Indianapolis, IN
352
Votes |
670
Posts
Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

@Mastewal Gezahegn you referenced house hacking. House hacking involves living in the houses typically or finding new and creative ways to maximize income on a property. Are you planning on living in the houses? 

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