NW Indiana investing
First time investor from Chicago but leaning towards investing in NW Indiana due to cheaper taxes and properties in general. Wondering if anyone is currently investing in NW Indiana and can give any insight on the market. Thanks
Most Popular Reply
@Tim Sipowicz Tenant quality is not as good as some place like Munster or Highland but the returns are better. Gary, on paper, can have some of the best bang for your buck but the risk and issues is a lot higher there so it's all relative to your goals. I have what I would consider good tenants for the areas I have rentals in. I haven't had issues with rent collections during this time either. A lot has to do with screening and treating the tenants well. I take good care of my properties and the tenants want to stay there.
In Hammond, it's easy to find a property in the $80-100K range and get $1000 in rent. In EC, you can be in the $30-50K range and get $700-800. In Dyer, you're paying $100-125K per $1000 in rent.