Starting out in Indy suburbs - Avon, Plainfield, Brownsburg?
Hi, everyone! I was wondering if there is any fellow investors here that are finding success in 2024 and able to make a deal work for 3/2 SFH's in Avon, Plainfield, Brownsburg areas? I've been diligently looking and analyzing deals for over a year and have not come across anything that pencils out. Even with a significant 50%-60% down payment seems like the purchase price would have to be in the 170-180K range, which is a tall ask for those areas in 2024. Even with an all cash purchase, one would be lucky to get a meager 5% on your cash. Are these markets dried up until the rent to price formula evens out a bit more down the line (if they ever do)? Would love to hear any advice or recent success stories investing in these areas. Thanks all!