Where to invest in Indianapolis?

[Itay Peer]

Hi all!

I'd like to start investing in SFR's in the Indianapolis area and would appreciate you input on favorable surrounding cities, neighborhoods, and what areas I must avoid. My budget is around $100K per property. My strategy is Buy & Hold. My understanding is that investors tend to focus more on the northern and western parts of Indianapolis (e.g., Carmel, Noblesville, Fishers, Avon, etc.), and I wanted see whether you agree or think differently.

Thank you!

[Pablo Ramirez]

@Itay Peer

Hi Itay,

I had the same question about Indy and decided to make a 3 day trip out there to see it myself. I’d suggest scheduling a trip and building a plan for what areas you want to see each day. Check out some BP posts already mapping out great areas of Indy to invest, as well as an investor friendly realtor’s suggestions. Take advantage that you’re there to meet with a realtor, PM, attorney, contractor, etc. It will be a lot easier to contact these people later on once you’ve established an-in person connection.

Take lots of pictures/notes for yourself, especially since you’re new to investing in the area. Without my notes, I wouldn’t remember half what I saw. Talk to homeowners on the street if they’re sitting in their front yard. I made valuable connections by just saying hello to them, and now I’ve got boots on the ground to help me identify a new property or any neighborhood changes.

Best of luck!