Investing In Indianapolis

[Brandon Bishop]

Hey guys, 

My name is Brandon and this is my first post (even though I have been on BP for awhile). I'm an investor from Utah, looking to branch out into other markets and currently have interest in the Indianapolis market. So much so, that I am heading out there this weekend to get a "boots on the ground" look. Interested in mainly buy and hold

In leading up to the trip, I have been reaching out to some of you and also doing my research on what areas to avoid and which ones are coming up. Responses have been mixed, and it sounds like a few blocks can make all the difference in the world.

My question is- does anyone have any advice for staying out of unfavorable areas? I'm seeing properties being wholesaled for 20-30k (all require work), so I am guessing those aren't in the best areas? I had someone mention that the areas with rents under $700 might be good to avoid.

Areas I have seen properties in are: Anderson, Lawrence, Warren Park, Shelton Heights, Noblesville, Whiteland and Mapleton Fall Creek.

Any help is GREATLY appreciated.

[Hank Keller]

What type of property are you looking for Brandon? I have 7 turnkey rentals in Indy in working class neighborhoods that over the past four years have been purchased complete, with tenant for $48k - $68k. average rents are $500 - $750

I'll also be in Indy this coming weekend to help a fellow BP forum member who is looking at the same TK company I use. Let me know if I can be of any help...

Regards

Hank