Indy vs. Cincinnati for CASH FLOW
Hi All, I'm a recently relocated buy and hold investor from the NE and am living in KY. I"m looking to aggressively expand my rental portfolio in the Midwest (and hoping to get away from 4% cap rates in NYC)....
What are the thoughts on Cincinnati vs. Indianapolis for high cash-flow buy and hold rentals? I'm looking for a pure cap-rate play here...ideally paying cash and refi-ing out the $$ into other rentals.
Any and all comments are much appreciated!
Most Popular Reply
@Ben McMillan I spend a lot of time analyzing and evaluating markets. There's a lot of good ones but I happen to think that Indianapolis is one of the best. Here's a quick snapshot of some key economic and demographic factors in the 2 markets. Keep in mind that some of these numbers are fluid and can change month to month but it will give you a good comparison. These numbers come from the Census Bureau and Bureau of Labor Statistics.