New to the Indianapolis Market

[Ruchir Kaul]

Hi, I recently took some interest in the Indianapolis market to start doing some buy and hold BRRRR investing. What do you think of the market, what areas would you suggest avoiding? I've looked at the crime map and it's filled with crime all over the place! Any suggestions what areas/zips to look at? I'm primarily targeting B- to C properties. Any suggestions would be super helpful!

Thanks!

[Ivan Guillen]

Hey @Ruchir Kaul,

Glad to see that you have taken an interest in Indianapolis! I have lived in Indy all my life, and am also a RE broker/investor in the area. As far as the overall market here, it has been hot for a while not especially in key areas. Investors have swept into the midwest due to the affordability of homes. As far as BRRRRs go, the market has become over-saturated due to the popularity of this strategy, but there are still opportunities out there. What I have seen clients have success in is a buy and hold in a C class area. These areas allow for investor to pick up properties between ~45k-65k, where the potential income beats the 1% rule and has positive cashflow. 

Indianapolis varies from block to block when it comes to picking a good area. This is again due to investors sweeping in and creating gentrification. This is why crime maps are not always reliable. These maps often go out a certain radius, and it does not measure crime in each block of town. Before investing make sure you have built a team of locals that know the city like the back of their hand. Hope this helps, and let me know if I can assist you in anyway!

All the best!