Investor · Dyer, IN · Member since 2015 · 42 posts · 6 votes
Hi BP Indiana!
I'm still looking for my first investment property and I've been searching all over the place. From Hammond to La Porte, Lowell to Michigan City, and so on.
I've noticed some multi-family properties for sale in Michigan City, IN that seem to be in decent condition, the numbers check out, and they are within walking distance of the train for an easy commute downtown. I know Michigan City has a bit of a crime problem, but I'm not sure if it is a reason to stay away from the area if I'm looking for a lower priced first property for my portfolio. I'm having trouble finding a comfortable medium between affordable property (for me) and reasonably safe community for my tenants.
If anyone with experience in this area could give me some advice it would be greatly appreciated!
I have checked that area out as well and have decided that since it is not a real safe, at least much of it, and the schools are horrible, I'm going to stay away. There is some sign of life seeing some of the new improvements taking place on Michigan Blvd and north Franklin but its still a little scary to me. Low rent tenants can often be bad tenants and good schools are a fundamental I look for.............if you do buy, I'd love to hear how it turns out. Good luck!