New castle rental market

[Nick Bell]

Anyone investing in the new castle Indiana market? Looking at a buy and hold duplex. Numbers look great. Trying to figure out the if investors are having issue in the area finding tenants. I’m not too familiar with the specifics of the area. Wondering if anyone has experience in this market. Any information would be helpful.

[Grant R.]

@Nick Bell good morning! Are you located in New Castle?

It's a small area so there may not lots of BP investors to respond. I'm not there, but I wanted to encourage you with a few ideas for your own market research in case no one else chimes in:

1) Look at rental listings via rent.com, apartments.com, realtor.com, etc to get an idea of vacancies.

2) Check population growth.

3) Contact the local chamber of commerce or economic development committee and request data.

4) Talk to a local property manager who holds properties there, request time to fill, vacancy rates, etc.

If you're out of state, but looking to invest in Indiana, look me up. Best of luck!