Investing in Indianapolis

[Ben Fonohema]

Hi everyone my name is Ben and Ive been trying to find a good market for buy and hold rentals (single family homes). A lot of research has led me to areas in and around Indianapolis. Are there any investors in that area that could share some tips or maybe know a great investor friendly agent that works in the city?

[Ross Denman]

@Ben Fonohema I'm an investor and business developer for a property management company and work with a lot of OOS investors who have holdings in the Indianapolis Metro market. It's a good market, but you have to weed through the hype. Building a good team and learning to do your due diligence and properly evaluate deals is going to be the most important steps. I also recommend coming out and visiting the city at some point. There can be a discrepancy between the way the city is marketed and the actual reality of the city and I think it's important to see first hand. There are too many people marketing "up and coming" areas that are generally pretty risky for OOS investors if they don't have an adequate team and resources. I usually recommend starting with more of the straightforward stuff first and you can expand as you are more comfortable with your team and have more experience. The marketers who are supplying inventory tend to make things sound easier than they actually are and things can get rapidly frustrating for new investors.