Knox, IN Investments

[Jordan Falls]

Hello all,

This is a question pertaining to investing in Northwest Indiana (NWI). I was just inquiring as to whether anyone has any investment properties in Starke County, Indiana; specifically Knox, IN.  I know there is a limited economic drive for the area, and was wondering if there were any success stories of people maintaining a successful buy and hold portfolio in the area.  I recently bought properties in the area and am wondering if I should try to sell them or keep them as rentals.  I purchased four units for a little under $80,000 total.  I'm looking at $500 a month for each unit, $2000 gross monthly income, $24,000 annual.  Expenses are roughly $3000 annually.

If anyone has experience in the area, any insight would be great.  I'm not sure if my rent expectations are too high or not.  The units are all 2 bedrooms 1 bath units with roughly 700 sq ft.

Thanks in advance!

[Jorge Barboza Jr.]

@Jordan Falls those look like great returns. How long have you been getting those rents?