$100k to $150k investing in Indianpolis?

[Ken Lou]

Hi everyone, I'm considering to invest in a rental property in Indianpolis. My budget is about $100k-$150k and I hope to put 20%-25% down. I'm hoping to get at lease 1% of the purchase price as monthly income.

I have never been to Indianpolis, but I'm planning to take a week trip to Indianpolis, any area I should check out for investment purpose?

I currently live in LA and there is no way I can have a good cash inflow from real estate investment in here because housing are expensive.

Thank you for everyone help!

[Brant Richardson]

Don't settle for 1%. 1.5% in Indianapolis should not be difficult. You will probably do better with two units in the 50-70k range rather than one for 100-150k.

There's no reason you should have to put down more than 20% either.