Looking for advice on home in Merrillville, IN

[Danny G.]

Hello,

I am a first time investor and have a home in escrow in Southern Gary/Merrillville but what I read about these areas is that the neighborhood makes a big difference. This home is on E 52nd Street 46410. It's a 3/1.5 1,144sqft for $90,000 and the tenant is in a lease until 7/2022 @ $1,250/month.  The home is pretty clean and doesn't need a lot of work.

Can anyone give me some advice on whether they'd invest here or not.  Obviously the numbers are pretty decent but if it's hard to rent out when these tenants leave that scares me.

Thanks in advance!

[Pete Barrow]

If you don't have anyone on the ground there, you might call some PM's. Better management companies usually have areas where they'll work, and areas where they won't. Get their take on it. If good companies don't want to take your money to work there, that tells you something