Out of state investing - Bloomington Indiana

[Brandon Carlson]

Hi BP,

I'm an agent here in SoCal and own a SFR. I love the appreciation in California, she's done me well lol. Now, I'm looking for a cash-flow play.

I have a friend that lives in Bloomington, and he's been telling me to invest out there. From what he tells me, the area is upcoming, universities are near by, and cash-flow has upside. 

Has anyone personally invested in Bloomington or work in the area as a realtor?

I would love to get insight.

Best, 

[Jon Schwartz]

Originally posted by @Brandon Carlson:

Hi BP,

I'm an agent here in SoCal and own a SFR. I love the appreciation in California, she's done me well lol. Now, I'm looking for a cash-flow play.

I have a friend that lives in Bloomington, and he's been telling me to invest out there. From what he tells me, the area is upcoming, universities are near by, and cash-flow has upside. 

Has anyone personally invested in Bloomington or work in the area as a realtor?

I would love to get insight.

Best, 

Brandon,

Hey buddy!

I haven't invested in Bloomington, but I've looked at it closely! I rated all the MSAs in the country by metrics that correlate with rent growth, and Bloomington ranked #6 out of 382! Solid population growth, and importantly, very little new unit construction over the last decade.

 Best,

Jon