Indiana Opportunities

[Eric X.]

Hello~ I currently live in Illinois burbs but I'm looking to potentially invest in Indiana.  Wife and I both went to college at IU & Purdue respectively and looking to branch out over there.  We are trying to stay closer to Illinois but we are looking for mainly b or b+ areas.  Any places in mind? Terra Haute? Crown Point? Indianapolis seems pretty good but I don't know which area would be considered b, or b+

[Dale Stevens]

@Adrien C. when speaking of renting in Hammond, be sure to include the almost overbearing Rental Registration program that Hammond is actually fighting against the Indiana State law on. If you don't register, you will be dragged into court, pay a $500 fine (no one I have ever seen has gotten out of this) plus court costs and fees. 

They also have a building department that requires, for example, electricians to be registered in HAMMOND specifically. They have a list available, but the electricians know this, and increase the cost structure.  You can have your electrician get registered, but they have to attend a class, pass a test, etc given by the Hammond Building Dept.

The other thing is that Hammond has the most "Add Ons" or "Voter Approved" projects that add to your real estate taxes of any municipality in that area. It varies greatly based on the area of Hammond. Some areas of Hammond still are deemed a flood zone so your insurance is higher. Many homes have been removed thanks to work done by the hammond engineers, but still be cautious of this extra costs that can wipe out any potential cashflow if not planned for in advance.