Seeking strategies for Brownsburg & surrounding areas

[Kenneth Gonzalez]

Hi,

My family and I are relocating to Virginia and are contemplating renting our primary residence in Brownsburg, Indiana. The house has five bedrooms and 2.5 baths, 2,894 sqft.

We were wondering which strategies are working for other investors in this area?

We are most excited about a rent-by-the-room mid-term rental scenario but weren't sure if this is feasible.

We would appreciate some guidance!

Thankful to this community!

[Gloria N Gear]

I live between Avon and Plainfield, I just saw a rental in the neighborhood next to me advertised for $3000 for LTR,  totally shocked - the one two doors down from me is renting for $2400.  I have a guy on my team that is successfully renting by the room to young professionals, travel nurses, and college students, but that is downtown Indy.  I don't know how that would work in Hendricks County.  Check your selling comps too though, you may have enough equity to buy another property close to you in Virginia that you could manage better.