Multifamily properties (triplex-quadplex)

[Dung Hlun]

Are there still many multifamily properties in Indianapolis to house hack? I am thinking/wondering to house hack either triplex or quadplex. Would they be profitable in Indianapolis market? I saw some articles that Indianapolis is mainly single for family property market. 

[Tanner Pile]

@Dung Hlun

I'm not familiar with the Indianapolis market. However one strategy we use in Colorado often is to take a single family home that is zoned for multi-family homes and split them in half to create 2-units. Or id a SFH has a detached garage we can convert that into another unit to have a house and cottage on one property.

Get creative! Rehab for this can be expensive for the garage conversion but splitting a property in half an adding a kitchenette are more cost effective. These properties can be spotted if they have a walk out basement or a connection to the garage on a bi-level property.