Recommended brokers for purchasing small apartment complex in Indy

[Adelaide Ning]

Hi All,

I have been purchasing residential real estate for a few years and want to go for bigger deals so am just starting to look at commercial real estate. Does anyone have brokers they would recommend working with for smaller (5-15 unit) apartment complexes in the Indy area? I understand brokers are heavily relationship-based so that is probably why I am struggling to find deals that cash flow. If you've had any luck with specific brokers please let me know.

[Joseph Chiofalo]

Hi Adelaide, 

What price points would you be targeting for the complexes? 

Our group just helped a client close on an 8-unit property in the tr-state area. 

[AJ Wong]

HI Adelaide, @Joseph Chiofalo has a RE broker he works with closely in the area he can refer you..also an excellent 5+ units lender. Good luck! 

[Adelaide Ning]

Hi @Joseph Chiofalo my buy box is up to $800K for a B to C+ class complex. Would love to connect with your client! Feel free to DM me, appreciate it 

[Adelaide Ning]

Quote from @AJ Wong:

HI Adelaide, @Joseph Chiofalo has a RE broker he works with closely in the area he can refer you..also an excellent 5+ units lender. Good luck! 

Thank you! 

[Anna Laud]

Hi Adelaide, we help out of state investors create passive income with Indy real estate, both commercial and residential. In that 800k-1M price range you may want to consider less cash flow for 1-3 years because in the right areas the rents and value appreciation is kicking in faster.  Please reach out if you want more help and I can give you a few example deals. Hope that helps - Thanks!