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Updated about 2 years ago on . Most recent reply

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16
Posts
4
Votes
Yesh Ravi
  • California, CA
4
Votes |
16
Posts

Northwest Indiana investor

Yesh Ravi
  • California, CA
Posted

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

User Stats

44
Posts
10
Votes
Marcin Nurek
  • Rental Property Investor
  • Crown Point, IN
10
Votes |
44
Posts
Marcin Nurek
  • Rental Property Investor
  • Crown Point, IN
Replied

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.

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