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Updated over 3 years ago on . Most recent reply

User Stats

86
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91
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Mel Adams
  • Investor
  • San Diego
91
Votes |
86
Posts

Looking to build team in Indianapolis

Mel Adams
  • Investor
  • San Diego
Posted

Hey everyone - I'm an OOS investor looking to purchase my first property and would like to get in touch with a few agents and PM's in the Indianapolis area. Does anyone have recommendations? 

My plan is to purchase a multi or single family for under $175k (using conventional loan) and use the BRRRR method in a C or B neighborhood. I have a list of neighborhood "grades," but it's from 2019 so I'll be leaning on my agent/PM for more info there. An agent who invests in the area themselves would be great. I've been running some numbers on a few MF properties and they're coming back with crazy good cashflow, so I'm a little suspicious my Rentometer and Craigslist findings aren't super accurate.

Any other general tips for Indianapolis would be appreciated as well. Thanks in advance! 

Most Popular Reply

User Stats

190
Posts
224
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Allen Tracy
  • Chatsworth, CA
224
Votes |
190
Posts
Allen Tracy
  • Chatsworth, CA
Replied

I have a couple properties in Columbus, OH and am interested in Indianapolis also. Just as heads up when running the properties through rentometer that most of the properties at least in Columbus rent closer to the 25th percentile number. Not sure if that’s the case in Indianapolis also but thought I’d mention it since it might change your returns when running the numbers. 

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