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Updated 1 day ago, 12/23/2024
Canadian Investing in Indianapolis
Hi everyone, my name is Kristian. My wife and I are from Toronto, Canada, and we're excited to start our journey into the Indiana real estate market. We're in the process of liquidating our Ontario portfolio, which consists of four properties. While they cash flow, we've realized we're over-leveraged and want to take a different approach.
Our plan is to purchase our first investment property in Indiana, possibly paying cash, with the goal of generating reliable income. Ideally, we'd like to acquire one or two duplexes that meet the 1% rule and provide us with $1,000–$2,000 USD per month after property management fees and other expenses. This income will help support our dream of moving to Europe in the near future.
We're hoping to connect with an experienced realtor who works with investors and can help us navigate the market. We also need recommendations for a reliable property manager who can handle day-to-day operations.
We’ll be visiting Indiana in January or February to explore neighborhoods, meet professionals, and learn more about the market. If anyone has advice, feedback, or contacts, we'd love to hear from you! Does this plan sound realistic? Are there areas or strategies you’d recommend we explore?
Looking forward to hearing from the group!
Thanks,
Kris