New Member introduction

[Cameron Bibb]

Hi BiggerPockets community,

I’m currently exploring Section 8 rental investments in Indiana and would love to connect with investors who have real experience in this space.

My focus is on single-family homes (3+ bedrooms) that perform well with voucher tenants. I’m particularly interested in markets like Indianapolis, Fort Wayne, South Bend, and Gary, but I’m open to learning about other areas in the state that have strong voucher demand and reliable housing authorities.

A few things I’m hoping to learn from those already operating in Indiana:

• Which cities or ZIP codes have the strongest Section 8 demand
• Typical 3-bedroom payment standards in your market
• How the inspection process tends to go locally
• Recommendations for property managers familiar with voucher tenants
• Any neighborhoods to avoid when investing out of state

I’m an out-of-state investor looking to build a small portfolio and want to make sure I approach the market the right way before purchasing.

If you’re actively investing in Section 8 rentals in Indiana, I’d really appreciate your insight or the chance to connect.

Thanks in advance.

[Matthew Parrott]

As a local SB section 8 investor, I would encourage you to invest close to home. Honestly, SB is packed with out-of-town investors, and the local politicians don't want them, and I don't know what you would offer to the area. I know it's sexy to want to go take all the money in the Midwest and move it back to the coasts, but frankly, when you do that, you prevent the Midwest from improving, and you will probably not manage, repair, or enhance the area or homes any better than the locals could. As a matter of fact, the locals here will be able to do it much better and don't need out-of-towners coming in, driving up prices, and neglecting their properties, which is what happens, I know, I buy the properties when those investors leave. 

Look, you can buy houses that perform just as well as the Midwest homes, in your state of NY, so invest there, make your own state and community better, and improve the place where you live. If you can't invest in your city, I am sure you could in other places in the state. There are plenty of midwest like cities in your state, invest there.