No multifamily properties in Indianapolis?

[Gerardo Waisbaum]

Hello,

I'm an out-of-country investor and an avid follower of BP podcast and as such, I got convinced that investing in small multifamily is the way to go.

My intention was to start investing in Indianapolis metro but I then noticed that there almost no small multifamily properties in the area.  What could be the growth strategy in Indy and how it compares with growing the number of multifamily doors?

I would appreciate any insights.

Thanks!

[Joseph Cacciapaglia]

How did you come to the conclusion that there aren't many multifamily properties there? I'm not saying you're wrong, but a lot of out of state people think that about my market sometimes. This is because most of the small multifamily deals don't get listed on the usual sites that people expect. Some are on Realtor.com, Loopnet.com, etc., but many are only ever listed on local brokers' sites. If you don't know where to look here, you won't find them. Could it be that it's a similar situation in Indy?