New Investor - seek advice on B/B+ neighborhoods in Indy

[Manish Sharma]

Hi,

I am an investor from Seattle, WA and recently bought a single family home in Austin, TX in a B+ neighborhood. It seemed like a novice investment since Cash-on-Cash return is just 3%. Now, after reading through various books and listening to podcasts, I think I am in a much better space and looking at Indianapolis for my next investment opportunity. I want to invest in a 120K SFH in a B/B+ neighborhood and was wondering if this is feasible. Also, if people can point to these neighborhoods, that would be awesome. Any other advice for a newbie like me would be appreciated as well.

Thanks,

Manish

[Louise A.]

@Manish Sharma

Hey Manish - I think that Indy probably has much better prices than Austin, but you'll probably get much more appreciation there over the long term, so don't beat yourself up.  I use the following map to check classes of addresses.  Yellow is basically B.  You might be comfortable in light green areas as well.  Also do google street view to zoom around our streets.  You can get a pretty good sense from that as well.  Let me know if I can help in any way...  

https://www.trulia.com/local/irvington-indianapoli...