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Updated about 1 year ago on . Most recent reply

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15
Posts
10
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Sean K.
  • Investor
  • California
10
Votes |
15
Posts

Where should I invest Indianapolis IN, or Carmel IN?

Sean K.
  • Investor
  • California
Posted

I'm thinking to buy a rental property in Indiana not more than $350k.

Where you recommend Indianapolis city or Carmel and why?

Where it's easier to rent?

Where you can generate more income?

Most Popular Reply

User Stats

4,137
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3,816
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
3,816
Votes |
4,137
Posts
Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Sean K. Carmel and the majority of Indianapolis are polar opposites. 

There's a 0% chance you'll find cash-flow in Carmel. Around the greater Indy area you can find, negotiate towards, or create it. This depends on the neighborhood (sometimes street-by-street), strategy (value add?), and ROI you're aiming for.

We have a rental shortage. If it's a nice rental at/or slightly above market you'll find qualified people asap. People want houses over apartments especially if you have a basement or garage. 

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