All Forum Posts by: Edwin Watson

Hey @Spencer Ware! I know exactly where you're coming from. I spent time in the league and have since built my real estate portfolio and started a real estate agency and property management company servicing Indianapolis and its surrounding areas. I would love to connect with you.

Hi Ryan,

Congrats on considering becoming a landlord in Indianapolis! As most have said, Marion County does require landlords to register rental properties. There are also a few important laws to consider; including, 45-day return requirement for security deposits, the eviction processes, and Indianapolis' mandatory inspections for single-family rentals. RentRedi is perfect for applications and background checks (you can also set clear lease terms and automate rent collection through RentRedi). If you're in need of a Property Management or Maintenance Team, feel free to reach out and connect with me. My team and I have been serving the Indianapolis and surrounding areas for over 20 years. Good luck!

Absolutely, creating a baseline business plan is a crucial step when starting in real estate (or any field) because it provides clarity, direction, and a strategic foundation for your efforts. Taking the time to create a baseline business plan forces you to think through the "why," "how," and "what" of your real estate endeavors. It sets you up for a more focused, confident, and sustainable start. Even if you adjust it over time, the effort spent upfront will pay dividends as you build momentum and make informed decisions in this field.

Congratulations! Where did you find your property?

Hey @Alyssa Dinson!

I am a co-owner of a Real Estate and Property Management Company here in Indiana, and we work with TONS of out-of-state investors (many from California!). While OOS investing can be very challenging due to unfamiliarity with the location, building a team of professionals that you trust can help to alleviate those concerns. We happen to be full service, and provide our clients with end-to-end service.

Hey Jalen!

As mentioned, there are several suburbs/communities just outside of Indianapolis that offer great value. Greenwood, McCordsville, Brownsburg, Beech Grove and Westfield offer tremendous growth potential. 

Although you mentioned wanting to stay away from rough areas in metro Indianapolis, many areas are on the cusp of gentrification. There's plenty of value to be found in neighborhoods such as Christian Park and Martindale-Brightwood (near Fountain Square and Irvington), Near Northwest-Riverside, Near/Old Southside, and Butler/Tarkington despite being quite close to some of the sketchier parts of the city.

If you are ever interested or need assistance, feel free to connect with me. I specialize in working with investors and truly enjoy helping clients reach their real estate goals.

Welcome to BP, Tyler! 

Hey Michael!

As others have mentioned, finding/building your team is of utmost importance. Networking is the name of the game, so definitely attend as many local meetups as you can. 

Hey Alec! These are REALLY nice! I've actually driven by a few of these on daily commutes. I'll definitely keep you and these properties in mind whenever I have interested investors.

Congratulations on making the leap, and welcome to the BiggerPockets Community! My team and I are located in Indianapolis and the surrounding areas; however, I've heard nothing but great things about the Milwaukee and Madison areas. I'd love to hear more about your experiences as you move forward. Good luck!