Indianapolis Turnkey location (McCordsville, Muncie)

[Jay Zoo]

Hello, 

I am newbie investor looking into Indianapolis turnkey properties and was hoping for some feedback on the location of the turnkey. I have looked at several turnkey properties online and I was wondering if the distance to the center of the Indianapolis was a concern.  

I am currently searching for 110-140K properties in B+ or better neighborhoods, preferably in a newer development, (cookie cutter house) 

Are towns like, McCordsville (30 min commute) & Muncie (60 min commute), outside the 465 Loop safe investments for the long term? I started to have concerns when I read a post regarding "Anderson" township in Indianapolis where housing demand fell greatly due to large company leaving the town. Would choosing a town closer to the Indianapolis downtown a safer choice?  I am assuming most of the jobs are near the indianapolis main hub but I am not sure.  

Thank you in advance. 

[Ross Denman]

Muncie is a little far for the "Indianapolis" market, but it is a college town and probably a considerable market. As far as Indy suburbs go:

The northside suburbs are typically going to be difficult to find decent pricing, but if you can get a price that makes sense, they are likely the most desirable places to be. They are:

1. Zionsville
2. Carmel
3. Fishers

There are some smaller markets outside of those towns that you can find deals that are very good though, these would be:

1. Whitestown
2. Lebanon
3. Noblesville
4. McCordsville

My next favorites would be West side suburbs or Southside suburbs. The Westside suburbs are

1. Brownsburg
2. Avon
3. Plainfield

Plainfield is very established already, but Brownsburg and Avon are both in high development mode. I steer a lot of my clients looking for B Class assets towards Brownsburg/Avon.

The Southside suburbs are

1. Greenwood
2. New Whiteland
3. Whiteland

Greenwood is the most established. The more desirable area of Greenwood will be White River Township, which will be Center Grove School System, but it will be almost as tough to find a well priced deal here as it is in the northside suburbs. It is still developing where as Old Greenwood is already very established. New Whiteland and Whiteland are growing quite a bit as well. I prefer the Brownsburg/Avon markets to the Whiteland area, but I wouldn't pass on a decent deal there.

There is not much to talk about out East, but there is

1. Cumberland
2. New Palestine

These are developing, but more slowly.

My picks would be:

1. Brownsburg
2. Avon
3. Greenwood (White River Township)
4. Noblesville
5. McCordsville
6. Lebanon
7. New Whiteland
8. Whiteland
9. Plainfield

Hope that helps to give you some insight.