Anyone have experience in Valparaiso Indiana rentals ?

[Dennis S. Gelbart]

I have been researching and visited Valparaiso, Indiana and am looking to buy multifamily or single family for  rentals both near the University and not near the University. Anyone have experience in that market?

Dennis Gelbart

Due Diligence Plus

[Eric Martin]

Yes, I have experience as an investor, and additionally I have lived here my entire life. I would say most Multi family properties are very expensive, and not worth it unless you find a deal. Many of the houses down town near the campus are old, and really there are few Multis to choose from. I'm always looking for deals, and unless you know someone, the mls doesnt have anything worth buying. There is a 4 unit for 190,000 currently, but its all 1 bedrooms, and it looks run down, in the worst street in Valparaiso. Ive bought properties in a nearby city of Lake Station, I feel like you can get the best value for rentals there in the area. Yes its not a nice city, but crime is fine, and rent is still high for low purchase prices. Feel free to ask any other questions and Ill try to help.