Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

127
Posts
91
Votes
Andrew Zannotti
  • Killeen, TX
91
Votes |
127
Posts

Columbus VS Indianapolis for OOS Investing

Andrew Zannotti
  • Killeen, TX
Posted

Cheers everyone!!!

I am currently looking for an area to start my out of state investing journey and I think for the most part I have the two areas I am looking at narrowed down between Columbus, OH and Indianapolis, IN. Backstory, I have two investment properties so far, one I lived in then turned into a rental and a second that I did a BRRRR on as a proof of concept to learn the process up close and personal in the city that I am stationed in. I'm in the military and currently deployed and I want to try doing the process remotely because I know with me moving frequently its difficult to focus on the area I live in with moving frequently and deployments so choosing one area to focus and build in would be my best bet.

I've read "The long distance guide to REI" and "BRRRR" and I'm excited to begin this chapter of my journey.

I've been researching Columbus and Indiannapolis and from what I have seen they are very similar in most metrics with unemployment being slightly lower in Indianapolis and average salary being a little higher in Columbus. For the most part the metrics and the types of properties I am looking at seems to be relatively the same.

If anyone has analyzed these two areas and decided on one or the other I would really appreciate the feedback. If anyone else invests in one of these areas and would be willing to share that would be greatly appreciated too. Pretty much anything that would help me get a bteer unerstanding of the areas would help immensely. 

I want to specifically look at duplexes that I can complete the BRRRR strategy on with my priamry focus being cash-flow over appreciation.

Thanks a ton in advance to anyone who replies!

V/R

Andrew
 

Most Popular Reply

User Stats

5,484
Posts
6,464
Votes
Remington Lyman
  • Real Estate Agent
  • Columbus, OH
6,464
Votes |
5,484
Posts
Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied
Originally posted by @Andrew Zannotti:

Cheers everyone!!!

I am currently looking for an area to start my out of state investing journey and I think for the most part I have the two areas I am looking at narrowed down between Columbus, OH and Indianapolis, IN. Backstory, I have two investment properties so far, one I lived in then turned into a rental and a second that I did a BRRRR on as a proof of concept to learn the process up close and personal in the city that I am stationed in. I'm in the military and currently deployed and I want to try doing the process remotely because I know with me moving frequently its difficult to focus on the area I live in with moving frequently and deployments so choosing one area to focus and build in would be my best bet.

I've read "The long distance guide to REI" and "BRRRR" and I'm excited to begin this chapter of my journey.

I've been researching Columbus and Indiannapolis and from what I have seen they are very similar in most metrics with unemployment being slightly lower in Indianapolis and average salary being a little higher in Columbus. For the most part the metrics and the types of properties I am looking at seems to be relatively the same.

If anyone has analyzed these two areas and decided on one or the other I would really appreciate the feedback. If anyone else invests in one of these areas and would be willing to share that would be greatly appreciated too. Pretty much anything that would help me get a bteer unerstanding of the areas would help immensely. 

I want to specifically look at duplexes that I can complete the BRRRR strategy on with my priamry focus being cash-flow over appreciation.

Thanks a ton in advance to anyone who replies!

V/R

Andrew
 

 Hey, Andrew. A know many people BRRRRing in Columbus, Ohio right now. I am seeing a lot of opportunities on and off the market right now with the virus.

  • Remington Lyman
business profile image
Reafco
5.0 stars
12 Reviews

Loading replies...