Chicago Resident looking to Invest in Indianapolis

[Reed Meyer]

I graduated from college in May and I moved to Chicago shortly afterwards to start my job. I have constantly been looking for deals in Chicago but it is very difficult to find cash flow in areas that I would want to be investing in. I am 0-3 on my offers so far as I have had to go FHA to satisfy the higher price level of the properties here. The PMI, high taxes, and relatively high price-to-rent ratios (failure to meet 1% rule) have made it VERY difficult to find cash flow in a quality area with my current net worth.

These struggles have sparked my interest in Indianapolis, although I have very little knowledge of the investing landscape in the city. I would love to get a quasi "Crash Course" on Indy investing and start learning about the city/good areas to look for investment properties (preferably 2-4 unit turn-key or light cosmetic rehab properties). 

I would also love to make any and all possible connections with fellow investors, brokers, and lenders in the city so I can start building my Indy deal team. So please reach out if you would like to hop on a phone call to talk Indianapolis real estate strategy/deals or if you think you know someone that would be a good resource to me. Thank you very much.

[Doug Peters]

@Reed Meyer  Hello! I am from Los Angeles and yes, investing here is very expenisve!  so I am also interested in Indy market.  I do already have a rental condo in Noblesville, IN. (Just north of Indy) and looking for more cash flowing rental maybe small Multi family.  

I don't know of any actual course just on Indy.  but there are a number of people on BP here that are well versed.    I have also connected with a few from local meetups who invest there as well.

I have a great Property Manager in Indy now for our property.  @Tasheana Hanza  Connect with her if you are interested.  

Keep in touch!