Indianapolis. Recommendations for first investment? (SFR vs Dplx)

[Joseph Torres]

Hello,

My name is Joseph and I am a relatively new RE investor, I am enjoying reading BP forums and I intend to contribute also.

I started my journey as a RE investor in 2017 with 2 SFR in Houston and 2 SFR in KC in 2018. I am as passive as it gets, so I find places that are ready to rent or with little deferred maintenance. I rely on local PMs.

I am ready to add 2 more this year and my research indicates Indianapolis as a good market. 

Doing local Indy research, I can see great opportunities for both SFR and Duplexes, which is for what I have funds this year (with leverage).

Any Indy expert that can shed some light about what would be a better start for Indy between the 2? I am happy with SFR so far but Multi-Fam intrigues me (remember my desire to stay passive).

Some additional context:

- I only invest in B and A- areas, the Duplexes I am looking at are in these locations to try to get more "permanent" renters

- My strategy is long term cashflow, though I don't want to land in places that will decrease dramatically in appreciation.

Thanks !!!

Alberto

[Mark Jones]

@Joseph Torres $600-700 a unit is going to be under a B class unit. You’ll probably want to be no less than $900 to truly be a B. 

But maybe Others have a different opinion.