All Forum Posts by: Gloria N Gear

Hi Tony,  Welcome to Indy -- I have lived here for 7 years and done real estate & investing here for 3 years.  Would love to talk with you.

Hi Evan, I am a realtor in Indy that has worked almost exclusively with Investors for 3 years now.  For what you are looking for, you need to be in the townships around the edge - Wayne, Pike, Perry, Franklin, and Lawrence are my favorites -- rents are between $1000-$1250 for 3/2 -- prices are between $100K-$150K but very competitive, so you have to jump fast and be connected so you get off market deals.  Outside of Indy, look at Brownsburg, Avon, Plainfield, and Greenwood -- prices are higher, but so are the rents.  Be glad to connect with you if you would like.

I am personally working with Hoosier Custom Construction - Bryant Burdine, he has been wonderful fighting some permit issues for me.  Would recommend Triple E Property management as well.  I also like AMG Property Management if you would like to add them to your list.  Direct message me if you would like phone numbers.

Hi Samm,  I am a RE agent in the Indy area.  A few of my investors have a couple of properties in Carmel/Fishers area, and while it is a highly desirable area, you are going to have a hard time getting close to 1%.  Even in those areas, rents are not much more than $1500-$1800 on houses that sell for $200k-$250k.  And most people that are renting in that area are short term because they are professionals just moving into the area and are temporary until they find a house to buy.  I would suggest west side of Indy -- Brownsburg, Avon, Plainfield or south side - Greenwood -- still B / B+ neighborhoods with great schools but you will get closer to your 1% rule.  Or even better is the townships - B/C neighborhoods-- Wayne, Pike, Franklin, Perry are my favorites.  Obviously I love talking investments in Indy -- send me a message if you would like to talk more.

Hi Thomas!  I am an agent in Indy and 90% of my business is with investors.  Would be glad to talk.  Send me a message.

Hi Dexter, I would love to connect with you.  I am a realtor here in Indy that mainly works with investors.  If we can have a voice call, I can give you the overview of the different areas and then based on what you are looking for, plug you into the community and help you find a team that fits your needs.

I am in the middle of a deal with Ellen Stewart from that company right now and very impressed with her.  

Also, I would recomend Gayle Adkin with AMG Property Mgt, if you would like a second option. 

I live here in Indy, so let me know if I can help you with anything else.

(It wouldn't let me put their contact info here, so I messaged you that info).

Hi Grayson, I don't know the exact answer to your question, but I am a realtor in Indy working with about 40 investors and just starting to purchase my own investment properties.  I am meeting with my CPA this month with this exact question, and I have 3 good real estate attorneys here that could help advise you with Indiana structure.  If that would be helpful to you, PM me and I will get you their contact info.

I am a realtor from Indianapolis that deals with a lot of investors - I have no interest in becoming a property manager at this time, so I network to bring good quality property managers to my investors that will be a good fit for them.  There are some lousy PMs in Indy, so I only recommend ones that I have vetted and personally worked with.  @david moudy is a personal friend of mine just starting out in property management and doing an excellent job.  @Ross Denman with RPM is another guy that is very knowledgeable about the city and will guide you in what areas are really good or up & coming and which areas to avoid.  I would be glad to chat further about others with anyone interested, just send me a PM

Hi Joseph,

I am a realtor in the Indianapolis area.  I have about 20 investors that I am actively working with.

I believe Indianapolis is a great area for all of the reasons you listed.  We have a very low unemployment rate and it has stayed consistently low for several years.  Our area has attracted several big name tech companies, but is a good solid blue collar worker area with plenty of manufacturing jobs and distributions centers. The rent to purchase rate is very close to 1%.  In the past year, I have been able to find my investors $60K-$90K houses that rent for $750-$950, $100K-$130K houses that rent for $950-$1250, and a few higher.  It is a friendly landlord state - state property taxes are capped at 2%.  And yes, we have several big name companies, SalesForce, Eli Lilly pharmecuticals, Amazon, and Rolls-Royce to name a few.

Flood insurance varies on the size of the house, but for the type that would be good rentals I seem to find range for $80-$100 a month.  Some of my investors have me avoid flood areas all together, some just figure the monthly cost into their figures.

I would love to talk with you further and get a feel for your exact parameters.  I have a really good lender and property manager that I highly recommend, but also network with other property managers, contractors and wholesalers in the area that have high levels of integrity. 

Let me know if I can get you any further information.