Any particular growth in Indiana?

[Doug Phillips]

Hi all,

I'm looking to potentially put some more eyes in the Midwest and was thinking of Indiana in particular.  I have some experience with parts of eastern Indiana, but was wondering if/where you fine people were seeing any growth/stability.  I'm open to any suggestions and discussions, thanks!

[Joseph Parker]

@Doug Phillips I've lived in Kokomo, Indiana all my life and in the last five years or so that I've paid attention to the local rental property market, I've realized that Kokomo is somewhat of a hidden gem for investors. While the area is still fairly heavily dependent on the auto industry (Chrysler, Delphi & GM are three major employers), there has been a lot of growth and development in the downtown area. Depending on what your focus is (SFR, multifamily or larger apartment buildings), there are a decent number of options with monthly rents exceeding 2% of price in many cases. There are also a growing number of dependable property management companies in the area.