Milwaukee vs Indianapolis

[Alex Landau]

For all the turnkey investors out there:

I'm starting to look into this space and I'm noticing that a post-rehabbed 65k single family house in Indianapolis (sold by Morris Invest) brings you, give or take, $1,000 in rent whereas in Milwaukee you need to spend a post-rehabbed 85k for a single family house (sold by Home Invest) to bring you about $1k in rent.

So my question is, if you're after cash-flows, are there any reasons an investor would go with the house in Milwaukee versus Indianapolis? Will the house in Milwaukee appreciate more? Or any other reasons would be much appreciated.

Alex

[Jeff Parker]

@Alex Landau

You are looking at Morris Invest and then comparing what they sell to the Milwaukee market. This is not a good comparison to go off of. 

Morris Invest is a scam and they buy properties in D class areas and then try to play them off as if they are in great areas with awesome rents. I even heard Clayton himself say that lawyers and doctors are moving into his properties. I still can't stop laughing at that one. If you type in Morris Invest/Oceanpointe in the search area of this website you will find a lot of threads on this subject and these companies. 

As for the Milwaukee and Indy there are differences and similarities. I consider both cities to be great rental markets. Your price points will be a little higher in Milwaukee but that shouldn't stop you from investing there. Indy has a growing population, a strong economy, and growth potential. I do believe that you have more crime in Indy but that's because you have a bigger population. 

I personally lean towards Indy, even though I am closer to Milwaukee, because of the growth and revitalization that is going on in and around the city. Now if I get a deal up in Milwaukee I am going to go look at and probably buy it. 

What I think you need to do is go to the search option and type in Milwaukee and Indianapolis. You will find a lot of threads with a lot of information from different people.