is investing in Indianapolis now the correct thing to do?

[Gil Ganz]

hey

looking to purchase a long term buy and hold rental property, budget is 70-80k cash only (oos investor), was approached by a company who assists in the whole process who recommended the indianapolis market as a growing market, with high yields compared to other places. leaving aside the question should i use this company (or any other for that matter), i am looking into the market, the buy/rent ratio looks good in terms of what i'm looking for and i can see the prices have really gone up in recent years, but when checking out the house prices going forward, it seems like most of the information i find talks about prices staying around where they are, some sources even show negative price changes. what are your takes on the matter? obviously no one can know what the future holds, just trying to understand if indianapolis is the right market for me.

example source - https://gordcollins.com/housing/us-housing-market-... only market listed with negative forcast is indianapolis

[Jeb Brilliant]

@Gil Ganz Indy is a very diverse city in terms of real estate, you have areas that have skyrocketed in the last few years and areas that have only been dragged up a few % because the city as a whole is coming up and investors are buying based on spread sheet numbers not actual facts. Meaning even bad areas are seeing some appreciation. Some areas may have a negative forcast and for the most part that's probably murder alley and you most likely do NOT want to buy there. Additionally you need to learn where that is because sellers don't care that 10 blocks north is a descent area and they're selling in murder alley to them they just want to "get" you and they hope you don't know where the delineating streets are. So like @Jaron Walling said you need to see it or at the very least confirm with someone not profiting from the deal that it's an ok area. 

I'm not the first one to say nor will I be the last but a PM is quite likely the most important cog in your machine. They can help you pick areas and give you insight into things you would have never considered. 

If you have any questions about certain areas, PM's, agents or wholesalers, I'm happy to chat a little.