Choosing an out of state property

[Danielle Ronquillo]

Hi! I'm in the market for out-of-state properties. I cannot househack due to family reasons and I like the school district that I live in. Alternatively, I can look into househacking in my neighborhood, but everything is kind of expensive here and I don't have any dilapidated homes to renovate. I'm a new investor and I also try to stay away from any investment that requires major renovations at this time.

I have been looking into getting an investment property in Indiana, but undecided between Indianapolis and Fort Wayne. I searched through BiggerPockets "Find Markets" tab and the blogs but haven't found any info yet. Does anyone have any stats about how rentals perform in Fort Wayne and Indianapolis? How are most investors strategizing there (fix and flip or buy and rent)? 

I really want to buy and rent LTR.

[Samuel Diouf]

Hey Danielle, are you strictly looking at those two markets? What has you attracted to these two markets specifically? 

Do you know whether you're looking for appreciation or cash-flow? 

If you are still open to looking at other markets.. Columbus, Ohio could be a great option to consider if you're leaning towards appreciation. I moved here from Florida after seeing the projected growth. Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon. Which will bring plenty of other investors and general business to the area.