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Updated about 2 years ago on . Most recent reply
Northwest Indiana investor
I'm visiting rental properties for investing in Northwest Indiana. I liked the class A areas likeDyer, Schererville, Crown point and few class B+.
I'm trying to understand what rental price range of houses get rented faster. That way I can keep the vacancy minimal.
I'm mostly planning to invest in properties valued around 200k. But is it worth it? Or should I be targeting 150k (older houses)?
Most Popular Reply
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Buying a property for 50k less leaves you a lot more money for future improvements than a house for 200k. Will a $200k house cashflow according to your calculations? Show the numbers. A new roof is not that expensive anyway and should not dictate an overall purchase decision if the deal is right. Personally I think any house in NWI for $200k is not worth renting.