Quote from @Shankar Sridhar:
Hey folks,
I got my first property last year at Indianapolis in a Class C area. (Glad to have done it esp. after which interest rates started shooting up crazy!).
Meanwhile, I have started to study the town closely and want to keep my buy-box focused on Class B properties after hearing many investors claim that they are tired of its problems despite its better cashflow, esp. being OOS investor.
I know places outside 465 loop are generally considered Class B, like Avon, Plainfield etc. Any other growing markets around Indy you have observed/invested at?
Looking for some more info from fellow investors who have had success with Class B markets for buy-and-hold rentals.!
@Shankar Sridhar
Personally I have seen there is a lot of growth moving further east from Indy, but I am more so interested in the Southside. With the highway infrastructure there has been quite a bit more business and people moving south further because land is (was) cheaper. Martinsville has had a huge influx for example. That’s just my two sense however there are quite a bit of growing areas outside of the 465 loop. I work inside the loop and although there is gentrification happening in certain areas that made out of state investors flood in years ago, there are still a ton of run down areas close to downtown. I personally am looking outside the loop as competition is far less as well.