New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago, 10/29/2014
Newbie from New York City - Looking to invest in indianapolis
Hi BP community! My name is Celine and I am new to real estate investing. I have been on the site for over a month and learnt so much about REI. I am excited to start! I read articles, the posts on forums and listened to the many awesome podcasts. I am amazed at what a great source of information Bigger Pockets is and everyone's willingness to share their knowledge and experiences (I hope to be able to contribute in the future).
Investing in my local market, New York City, is not an option at this time!! So I am looking to invest in Indianapolis as it is a good market for rental properties. I am looking to buy and hold single family houses for long term positive cash flow. My goal is to buy 2 properties next year and increase the number in the following years. I am currently educating myself on REI investing and gathering information on the key players in the team I need to build in Indianapolis.
Because I am an out-of-state investor, I am seriously considering turnkey properties (I don’t want to handle any rehabs and am looking for rent ready properties). I have seen the name of 3 turnkey companies in Indianapolis quite often in the forums (FS Houses, Norada Real Estate and Pinnacle Investment Properties) and I would like to hear from those of you who have had an experience with these turn-key companies or with other turn-key companies in Indianapolis. Any recommendation of good PMs, local bank lenders (willing to make small loans) and experienced investors friendly realtors (including with out-of-state investors) would also be much appreciated.
Thanks in advance for you feedback and advice.