Hammond Indiana? Any thoughts?

[Sezuo Daudu]

Hello everyone. Been looking at properties around North west Indiana. Any investors in the area willing to share insights about the area. Looking at around Hammond, merrillville and dyer if possible. Any insight would be helpful.

[Adrien C.]

@Michael Bishop Hammond today isn't the same Hammond when you grew up in the area. It's improved a lot. Secondly, your assessment of Hammond is faulty because you are looking at it from the wrong perspective. You're right in that upper middle class Caucasian folks from Crown Point and Dyer aren't flocking to Hammond. What you're missing is the mass exodus out of Illinois buying in Hammond (and all over NWI). That's your target market and they are paying top dollar to leave IL. When I started wholesaling in 2016, my Hammond buyers mostly were buying for rentals as its near the top as far as best ROI for rentals in the region. Starting early 2017, I was selling more to flippers. Houses appreciated 30-50% (south of 165th and north of 150th- the middle still is C area). Houses worth $80k in 2016 are selling for $110k or higher now. A 3/1.5 with finished basement can catch $135-155k plus depending on the area. I flipped a 4/2 brick house on magoun for $200k just a few weeks back. DOM for flipped houses is as low as the rest of the county. So whether flipping or buying for cashflow, Hammond is a fantastic market in NWI.