New and Eager

[Joe Swanson]

Hi BP,

From all the forum posts I've read, podcasts I've listened to, and books I've read (thanks Brandon), it already feels like I'm part of this community. I am currently 30 years old living in Texas, looking to purchase our first investment property in Indianapolis. I have family there and will be in town next month to check out some properties (and for the holidays of course). My wife and I are looking to invest in buy and hold properties, possibly using a BRRRR strategy. I have a trustworthy contractor in the area, or I wouldn't think to BRRRR it.

Any advice from people already investing with this approach in Indy would be greatly appreciated.  We are looking to buy in the BroadRipple area or maybe even just south of it towards DT.  Are these types of properties already overpriced or is there still a window to buy?  I know it is a very desirable location for post-college young adults.  Single family homes are what I've been looking at, but am open to suggestion if there is a better strategy for that area.

Joe