Evansville has rolled across my radar
Hi Everyone. I currently invest in a few properties in different areas of the country. I'm looking into purchasing more mutlifamily units and Evansville has come across my radar. I'm looking to connect with people and agents in the area, as I don't know much about it (I live in California). I understand there's the University there, it's had slow but positive population growth, and a decent unemployment rate. I wondering if local folks familiar with the area and market can steer me in the right direction as far as decent areas and areas of improvement (future growth opps?) My main strategies are increasing cash flow and buy/hold multi-family properties. Being an out of state investor, obviously accumulating properties that need rehab is not ideal. Thanks for your time!
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@Cameron Wright There's actually two universities here. University of Evansville and University of Southern Indiana. The population is nearly 121,000 people in the city limits and more than 300,000 people in the metropolitan area, Evansville is the third-largest city in Indiana. By last statistic, 46% of Evansville rents which is higher than the national average. Homes are affordable and for the most part blue collar.