Rental Property Investor · Los Angeles, CA · Member since 2017 · 30 posts · 12 votes
Hello BP members! I am based out in California and looking to invest in the Indianapolis area. Relatively a newbie but been lurking around BP for a couple of years now ingesting all the amazing contents and reading on my own as well. Finally decided to break out of this analysis paralysis and take action! Researched several markets and ultimately decided on the Indianapolis market after taking into consideration the population growth, income growth, crime rate trends and entry price for the properties I am looking for. I am hoping to build a team in the Indianapolis area and hoping to get some feedback/recommendation from you all.
My criteria at this time is 2-3 bdr, 1.5+ bath fixer-upper small multi-units (2-4 units) in a B neighborhood or up-and-coming C neighborhood with a primary focus on cashflow. I appreciate any feedback, insights or recommendations you may have especially what neighborhoods to focus on. Looking forward to connect with other investors in the area as well. Please feel free to PM for any recommendations.
@Manny Awasom I am brand new to BP and investing myself, but I lived in Indianapolis the last 20+ years. If you have any questions on neighborhoods etc, i’m more than happy to help.
This is a great thread so far! @Manny Awasom I'm in the same boat as you: looking at a 2-4 unit (>250K) in Indy to house hack. I am currently located in Indiana, so I have the opportunity to get boots on the ground to learn the streets in the city.
I am currently looking in the following areas for my first place: Garfield Park, Windsor Park, East Fountain Square (right of State St), Reagan Park, and Friend and Neighbors.
I've chosen these areas because I want the neighborhood to be on its way up but not necessarily fully revitalized like the fountain square area. ---
That's awesome Drew. House-hacking is the way to go! Explored that in my local market (LA), but ultimately concluded that my money will work harder for me in a different market. So props to you. Yea I am looking for 2-4 units in similar neighborhoods i.e. along the path of progress. Haven't done a deep dive yet into the various neighborhoods as of yet but that's my next step.
But it's pretty cool so many people are on the same path. Hopefully, we can continue to learn from each other and continue to build. BP is truly amazing.
@John Rankin hello John would you mind if I send you a DM? I would love to hear your opinion on the different neighborhoods
I've currently 3 SFH and looking to add more to my portfolio. My favs hoods are getting more and more expensive for my strategy and I'm opening my horizons to new areas in the city.
@John Rankin hello John would you mind if I send you a DM? I would love to hear your opinion on the different neighborhoods
I've currently 3 SFH and looking to add more to my portfolio. My favs hoods are getting more and more expensive for my strategy and I'm opening my horizons to new areas in the city.