Looking to connect with agents in the Evansville metro area

[Minji Wu]

Hi guys

Since my local market started getting expensive so I started to look for opportunities out of state, mainly in mid-west. I was looking through southern Indiana on Zillow and then Evansville came on my radar (duh!). From the look of it it seems the Evansville area is a gold mine for the buy and hold strategy. I was mainly searching for sub-60K properties and a lot of them can be rented for 1.5%+. Is that for real? Or are there a lot of issues with these types of properties (war zone? vacancy? hard to collect rent)? What do your numbers look like in general? 

Anyway, I'm looking to connect with agents with local knowledge who could educate me about the Evansville market and send me leads. I'm ready to dive in!

Minji

[Bo Goebel]

@Minji Wu
@Ryan Peach is a guy you'll want to chat with. 

Evansville has properties running the gamut- ranging from $20k-$300 (and higher) that investors could consider. You can find nice properties that hit the 1% rule often enough and have properties that crush the 1% rule that I wouldn't ever touch without being present in the area. 

Some people have made lots of money and positive impacts in communities investing in D class areas, but it's not something I would ever advise to someone that is
1. Investing out of state
2. Investing for the first time
3. Not fully established with a good team. 

Evansville is a strong, high-yield market... which sounds it sounds like you are looking for. Good luck in your search.