Indianapolis other sub markets

[Jason Malabute]

Hi all,

Been cold calling apartment owners in the following additional submarkets:

Terre Haute (Virgo county)

Bloomington (Monroe county)

Greenwood (Johnson county)

Franklin (Johnson county)

Columbus (Bartholomew county)

Noblesville (Hamilton county)

Avon (hendricks county)

Plainfield (Hendricks county)

Is there any streets in the markets listed above that I should avoid buying property in?

I did research. I know for the most part these are B markets. I think the 3 that concern me the most is Terre haute, Bloomington, and Columbus.i saw there were shootings in Terre haute and Columbus in last couple of weeks but it was just one each.

Anybody here own properties in these areas?

[Griffin Schermer]

Hey Jason,

I am from Bloomington, IN and it appears that a majority of students are actually coming back for their fall semesters. While the University is pushing for online classes, the students are still coming back to be with their friends on campus. Even with a shutdown this spring, the overwhelming majority of students stayed until their spring semester was officially over. 

I can't speak for the same for Terre Haute or Columbus, but I would feel extremely confident in Bloomington as a long term investment. Student housing property values have been appreciating like crazy the past 5 years, and the impact of Covid-19 might bring some good opportunities to purchase from distressed sellers in need of some quick cash to cover their own financial issues due to the pandemic.