Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

98
Posts
19
Votes
Jon Passow
  • Rental Property Investor
  • Cleveland, OH
19
Votes |
98
Posts

Buy and Hold- Indianapolis vs Columbus, Ohio

Jon Passow
  • Rental Property Investor
  • Cleveland, OH
Posted

I hope this is the right forum to post this in (admins feel free to move it if it's not). I'm gearing up to use the BRRRR strategy (out of state investing) and start my real estate empire (insert maniacal laugh here) by buying in class C to C+ neighborhoods. I was hoping to get everyone's opinions about the two possible areas that I am looking into for properties, Indianapolis, Indiana and Columbus, Ohio.

Both cities have lots of industry, schools, and a growing population, similar median rent (around $825-$869 for 2015), vacancy rates are 5.6% for Indianapolis in 2017 (which was a drop from 2015 by almost 2%), and 4.88% for Columbus in 2015. 

I'm originally from Cleveland so Ohio holds a soft spot in my heart but I also know of a very large turnkey operation that I respect that loves Indianapolis and has had a lot of success there.

For all intensive purposes, they both look like great options and it might actually be a good idea to invest in both to diversify my portfolio. What's everyone's thoughts on all this?

Loading replies...