All Forum Posts by: Joseph Torres

Thank you @Account Closed appreciated the feedback. So, which areas of Indianapolis should I be screening if I want to stay in B class neighborhoods? I am not in a rush and willing to take the time. I am also starting to meet local brokers. 

Thanks @Aladdin M. and @Mark Jones for the responses. I have found doing some research in local listings Duplexes offered in the range between 100 to 140k, currently rented for 1300 and 1400 (600 to 700 each unit), which would provide a positive cashflow from day 1. In theory those are in B class neighborhoods. (Crown Hill close to Children's Museum)

2 to 3 year turnaround is very acceptable for me.

Hello,

My name is Joseph and I am a relatively new RE investor, I am enjoying reading BP forums and I intend to contribute also.

I started my journey as a RE investor in 2017 with 2 SFR in Houston and 2 SFR in KC in 2018. I am as passive as it gets, so I find places that are ready to rent or with little deferred maintenance. I rely on local PMs.

I am ready to add 2 more this year and my research indicates Indianapolis as a good market. 

Doing local Indy research, I can see great opportunities for both SFR and Duplexes, which is for what I have funds this year (with leverage).

Any Indy expert that can shed some light about what would be a better start for Indy between the 2? I am happy with SFR so far but Multi-Fam intrigues me (remember my desire to stay passive).

Some additional context:

- I only invest in B and A- areas, the Duplexes I am looking at are in these locations to try to get more "permanent" renters

- My strategy is long term cashflow, though I don't want to land in places that will decrease dramatically in appreciation.

Thanks !!!

Alberto