Investing in Indianapolis

[Juan A Lopez]

Hope everyone reading this post is having a wonderful day. 

My wife and I are looking to invest in Indianapolis and would like to connect with investors in this area that could give us some pointers.

[Ross Denman]

There are multiple things to consider. I do a lot of consulting with people looking to invest in Indianapolis and you have to start by identifying your goals and resources. There are also lots of different types of investing available in this market and several others. Indianapolis is one of the better cash flow markets in the country. Couple that with the investor friendly laws, it makes Indy a great place for rental property investing.

We also have several gentrifying areas where out of state investors are doing retail flips for a good ROI. I would recommend building a network and team instead of trying to go it alone. I just got a message from a CA investor who is doing 2 flips in the Bates-Hendricks area (I believe that BildWise did the contracting work) but he sent his realtor out there to find out that the back door had been kicked in, appliances stolen, and granite counter tops cracked. Unfortunately, other than working with BildWise, he didn't really work with any other local professionals and didn't have proper guidance on how to adequately secure a property. Now that the contractors are not there several times weekly, it's more vulnerable to theft and vandalism. Always find a local to help guide you through your first few projects.

Currently, I'm in the middle of a joint-venture with a Canadian client who was falling behind because of poorly managed contractors. He finally reached out to me and I helped him find another GC and I'm helping him to manage the contractors as well as market the home for sell. Networking and team building with experience providers and professionals will help save you a lot of headaches and probably a lot of money as well.

Some BP members started a niche facebook group a few months back that has really been helpful to out of state investors. I highly recommend checking it out.
https://www.facebook.com/groups/260862967817696/

Best of Luck! Feel free to post questions, connect, and reach out here as BP is the best free REI community on the net. Lots of great people here and they will help to reduce your learning curve, build your team, and give you the best opportunity for success.