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Updated almost 7 years ago,
Milwaukee vs Indianapolis
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