Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

232
Posts
133
Votes
Mihir Bhimaraju
  • Investor
  • Indianapolis, IN
133
Votes |
232
Posts

Hello World!

Mihir Bhimaraju
  • Investor
  • Indianapolis, IN
Posted

Couldn't help being an Engineer there with the subject line! :)

Hello all, I'm Mihir - full time engineer and a part-time (for now, at least) real estate enthusiast. I came across this forum in a YouTube video and it piqued my interest. Fortunately enough, I've been thinking about investing in a rental property and I couldn't have come across this page at a more opportune time.

I'm located in Indianapolis, an up and coming market for real estate investments. I'm pretty familiar with the neighborhoods and looking forward to meeting like minded, enthusiastic connections.

P.S: I'm taking my time in going through the beginner material and it's a good launch pad! I appreciate the effort that's being put into this by everyone.


Cheers!

Most Popular Reply

User Stats

87
Posts
56
Votes
Erin Donlan
  • Real Estate Agent
  • Indianapolis, IN
56
Votes |
87
Posts
Erin Donlan
  • Real Estate Agent
  • Indianapolis, IN
Replied

The south side definitely has some strong areas. I think for a first timer sticking to the townships is preferable to going downtown where the market is more street to street.

If you're looking at SFH, just be aware that like most of the country, we're in a little bit of inventory crunch locally (at least through the MLS), so you'll be competing for MLS properties with not only other investors but your retail buyers as well. Be sure that you're vetting your deals and you're not just jumping on any property that happens across your path, because people like to take advantage. Be patient as well. If you haven't started attending the local meetups in the area - CIREIA and INREIA, I encourage you to check out those as well. Great opportunity to network with like minded individuals and ask questions and get a few names of local vendors and service providers. Information on those can be found through Meetup.com or on their individual sites.

If you think you'll need financing, I would suggest you get that in order as well. Cash is always preferable, but obviously not something everyone has access too. :) Once you find a deal, that will allow you to move quickly.

Hope this helps! I'm an agent and investor in the area, so if I can be of any assistance with your investment goals, please let me know!

Loading replies...