All Forum Posts by: Aaron Singer

Agree with much of what's been said, but especially the notion of choosing your investment class first AND your goals...are you looking for income? Upside? Risk averse? 

Like many U.S. cities, Indy has neighborhoods that fall on the full spectrum of good, bad, and ugly!

 @Denise Evans, I respectfully disagree with your first point. Many an investor, myself included, have been successful investing OOS with their first investment. If you build the right team, you don't need to invest where you live. And, investing where you live may not work for your investing goals. That's the case with me. I couldn't make the numbers work investing in the Phx/Scottsdale market, but I've found success investing in Indianapolis. 

My advice: Get really clear on your investing goals and find the best markets to achieve those outcomes.

Another vote for Indy here. There's so much opportunity in the town.

Rent/Value is solid; Plenty of inventory <$120k (yes, even in this market) and rents $800-1200.

I've been building out my portfolio in Indy - feel free to DM me.

-Aaron

I was drawn to Indy for its growth potential, affordable housing, and relatively high rents (and high demand). I have 3 doors (long-term SFR). Happy to chat more.

-Aaron

I partner with PMI-Midwest; they've been solid to work with. Good communication, solid maintenance crew, good structure. The employees who work there seem to enjoy it which says a lot to me.

Indy is a market that offers both cash-flow and appreciation; a rare combo! The market has been white-hot for years and finding deals is very difficult, but there ARE deals to be had.

Have you seen the map Sterling White put together? It's almost 4 years old now, but still pretty accurate - https://www.biggerpockets.com/...

Otherwise, check out the Indy Investor Pod and their neighborhood series.

I'm happy to chat about neighborhoods as well if you want to PM me.

-Aaron

Another vote for Indy here (I live in Phoenix). I have 2 rentals; a 3/1 and a 4/2. Each purchased in the 60-70k range. Neither needed rehab, just a few things here and there. Both cashflowing ~300/mo. 

In a nutshell, investing long distance is all about building a trustworthy team - RE agent, PM, lender, and contractor. Be 2-3 deep for each. Build relationships and get to know your market. You can do this.

Happy to chat more if you'd like.

-Aaron

Hi Andy,

I have 2 doors in Indy - I'd be happy to discuss my experience.

A few pointers...

- I'm assuming you're an out of state investor? If so, check out the Indy Out of State FB group. It's a very active group with honest people.

- Check out the Indy Investor Pod. Listen to the series on neighborhoods. The boys did 2 separate series - first one can be found around the 10-20 episode range and second around the 100 episode range. Simple Wholesaling, the group that produces the episodes is a solid Wholesaling group as well.

- Interview a bunch of PM companies. It's a good way to learn about the market. Ethiosity is run by Sterling Davis - very solid individual and knows a ton about Indy

@Alyssa Feliciano

Happy to chat further. I own two SFRs in 46218. Definitely street by street and you need to have strong PM and a good team in general, but the upside is good cashflow and properties that hit the 1% rule all day. Feel free to PM and I can share more about my experience OOS in Indy.