Potentially Investing in a Rental in Anderson IN

[Robert Nguyen]

Hello,

I was approached with a Off market deal for a small property in Anderson, 2/1 700 sqft

There is a M2M tenant paying a healthy amount in rent, I was going to just pay cash for this place, it is well under 100k.

The plan was to collect rent until they decide to move out and then spend a little bit to update/renovate even though it looks pretty good so far, and then flip it for 110-120. 

My question is, is Anderson a decent place to invest in now? I found older post from 5+ years ago that all say stay away, have times changed or is it pretty much the same?

TIA

[Matthew Crivelli]

Quote from @Robert Nguyen:

Hello,

I was approached with a Off market deal for a small property in Anderson, 2/1 700 sqft

There is a M2M tenant paying a healthy amount in rent, I was going to just pay cash for this place, it is well under 100k.

The plan was to collect rent until they decide to move out and then spend a little bit to update/renovate even though it looks pretty good so far, and then flip it for 110-120. 

My question is, is Anderson a decent place to invest in now? I found older post from 5+ years ago that all say stay away, have times changed or is it pretty much the same?

TIA

I work with an investor who has been buying SF rentals in Anderson for the last few years. They like the area. The rents are high enough so they can cashflow, even with the 7%-8% rates we are currently seeing.