All Forum Posts by: Tyler Richardson

What about single families on the edges of town?  I've looked at a nice 2 story with a 3 car garage in Greenwood but all the bedrooms except for the master were too small and I didn't think people would want to rent that small of a bedroom.  I'm also looking at a house in Beech Grove (very close to work) that has had some remodling but still has room for improvement.  I like the price because even without roomates it wouldn't break the bank (kind of a plan for the worst thing).  Does anyone think I would have some luck here?  I'm also looking at a larger home in East Warren as a possibility which has a few nice features (basement, deck, over 1/2 acre, solar panels, extra bedroom), but the higher price is a concern if I can't get tenants....

Thanks for the feedback!

@Ali Hashemi I've heard Broad Ripple is a booming area but haven't actually been there yet.  I'll also need to look closer to 20th - 30th street.  Thanks for the tip!

@Ivan Barratt That's an impressive portfolio, congrats!  Are there any areas you could recommend to stay away from?  I looked at one duplex in Martindale-Brightwood and my agent saw a hit and run right in front of the property while waiting for me!  That aside, it didn't seem like the best area to invest after just driving around...

@Matt Speer, Ive looked all over the city except for Butler Tarkington.  I'll have to check this area out.   One of the ideas I've struggled with is how to do renovations with tenants in place.  Glad to hear my reservations are warranted!

@Nicole A. Somehow I managed to forget about Craigslist!  I've been using Trulia and Zillow to get an idea for room rentals and it's given me a good idea on where to start.  While I didplan on having a formal lease, you bring up some really good ideas on things to include that I hadn't thought of so thanks!

I was just wondering if anyone here is house hacking in Indy and could share their experience.  I'm looking to relocate for work and I'm having trouble finding suitable multi-families so I'm thinking about renting a room and/or an AirBnB in a single family.  Just wondering if anyone could share their experience in this market....Thanks!