NW Indiana - New Investor

[Felix Z.]

Hello Hoosiers, 

I made the jump from Illinois to Northwest Indiana and purchased my first property (Munster) in January. Loving the community (and the low property taxes) and am now looking for another deal. Would love to meet up with local investors and grab coffee/chat. If you are local to Munster/Dyer/Highland, let me know if you are interested in networking, thanks!

[Scott Swanson]

Eudith,

You told @Felix Z. that you're a big fan of East Chicago. IMHO, I think you have to be careful where you buy there. There's a few areas that are not good! The appreciation is not there yet, but it's coming. With all of the people migrating from Illinois, I think we'll see more appreciation in the years to come and the rents are increasing as well. The city has hundreds of properties on their list to be demolished. Many of these properties have been on the list for years. However, they're starting to demo them and building permits are being issued for new housing. If that trend continues and I think it will, East Chicago will see high rates of appreciation. I'm in the process of buying a rental there for myself. I was going to wholesale it to one of my investors, but the numbers are too good to pass up! Savvy investors will reap the rewards in the future!