Where to buy rental properties

[Rhyna Orillaneda]

Hi. Been asking questions here in the forum. And the answers has helped me a lot on my decision making.

Anyways, I live in San Jose, Ca. Finally decided on a garage conversion ADU and plan was submitted today to the city. This will be for rental when done. This will take about 4 mos probably to get the approval, then they will start construction.

My next step now is to buy a rental property. Either a duplex or single family home to start with. I’m deciding between Indiana (indianapolis or Lafayette/west lafayette) area since I lived there before for 4 years or buy a DUPLEX in Sacramento area.

My primary goal this year is cash flow. Along with my ADU project, I hope to increase my Savings and cbuy another property next year locally or somewhwre closer to San Jose.

Was planning on paying cash on a property in Indiana to start with rather than using financing with Duplex in Sacramento. Would love to hear your thoughts.😀

[Aaron Van Curen]

@Rhyna Orillaneda disclaimer: I am licensed real estate agent in Indiana with a focus on investment properties, I have a small property management company, and I invest myself. I will have 9 or 13 units by the end of the month depending on how my due diligence goes.

Anyway, Lafayette is a great market. I think West Lafayette is saturated. There is potential in Indy if you can find the deals. I have 14 off market units in Indy and 14 more coming up in Lafayette if you want to know more about them.

I believe Lafayette is the perfect market because we are the connection between Chicago and Indy, we have a diverse work industry including automobile, health, different types of manufacturing, and we have the massive research department of Purdue on top of the school itself. We are expected to grow from a population of 75k to 100k in only a couple years.

I am working with several clients on the west coast so I’m familiar with your needs. Feel free to DM if you have any questions about the market here in Indiana.