Jumping Into the Indy (Indianapolis) Real Estate Market!
Aloha! A little about myself (real brief), I currently live in Hawaii and have been doing extensive research in the Indy market over the last year and here in a few weeks I will be making the trip to the Indy area with my investment group, HIREI, to look at possible investments.
With that being said, I am looking for multifamily homes (duplexes), 2/1 units per side, in the 40-50K range. Also, looking for the rent to go for $500+ per unit. However, I have read that SFH may perform better in the area. Which should I focus my attention?
-How are the areas?
-What are the best areas to have a rental?
-What areas should I avoid?
-How is rental turnover?
-How bad is the winter months there?
-WHo are the solid, dependable Property Management companies in the area?
-….and who should be avoided?
-And how feasible are flips? What are typical fix-up expenses?
Like stated, I will be flying to the area in a few weeks (March 23-27) to look at properties. Please enlighten me on the above info and let me know more on reliable lenders, contractors, and property managers in the area whom I can contact. So looking forward to this expedition!
Thank you and Mahalo.