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Updated almost 6 years ago,
Looking to invest in Indianpolis
I'm a new investor from SoCal and my main strategy is to invest in buy and hold properties and collect the cash flow on them. Im looking to acquire some SFR(3bs, 2ba, 1200-1500 sft) turnkey properties in B class areas. Ill be funding my deals fully through cash. My end goal is to have around 10 turnkey properties cash flowing for retirement. Recently Ive heard Indy is the place to go for cash flowing properties for buy and hold strategy. Ive been reading a bit about Indy and it looks like a growing city. Ton of tech companies coming, awesome universities churning out highly qualified grads, low COL and housing available and stable/rising population growth.
What are some of the best turnkey providers in that area?
Some of the best PM companies?
What are the best areas to have a rental? (which suburbs
What areas should I avoid?
How is rental turnover?
Im still doing my due diligence before even talking to any one about this. I just want to be as knowledgeable as possible so I can avoid any pitfalls. Any info/knowledge/advice is much appreciated.