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Indiana Real Estate Q&A Discussion Forum
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Updated over 7 years ago on . Most recent reply

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554
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153
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Sterling White
  • Rental Property Investor
  • Indianapolis, IN
153
Votes |
554
Posts

Indianapolis Investing

Sterling White
  • Rental Property Investor
  • Indianapolis, IN
Posted

Hello all,

I am Sterling White a local investor in the Indianapolis area seeking other investors to network/ bounce ideas off of. I currently have several investments prospects, but would like others suggestions. I find this site very welcoming and informative!

Thanks you all

Most Popular Reply

User Stats

89
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13
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Travis Washington
  • Rental Property Investor
  • Austin, TX
13
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89
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Travis Washington
  • Rental Property Investor
  • Austin, TX
Replied

Like @Sterling White , I am also looking at investing in the Indy market. Currently live in Hawaii and the ROI here is just too low. I am looking for multifamily homes (duplexes), 2/1 units per side, in the 40-50K range. Also, looking for the rent to go for anywhere between $500+.

Is this a viable option in the area? Based on my research, it seems there are plenty homes in this range.
And how are the areas?
What are the best areas to have a rental? @Ryan Mullin could you elaborate on the top 3 ones you listed above?
What areas should I avoid?
How is rental turnover?
How bad is the winter months there?
And how feasible are flips?  What are typical fix-up expenses? @James Grueser 

I will be flying to the area in a few weeks (March 23-27) to look at properties. Please let me know more information and reliable lenders, contractors, and property managers in the area whom I can contact. Thank you.

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