Indiana Winter BRRR
Pardon the pun.
Howdy folks. Buy and hold investor here from Orange County CA looking to BRRR out of state in Indianapolis.
People in sunny CA start to complain when the thermostat hits the high 50s. Obviously I have some concerns with investing in an area that actually snows.
1) Would a rehab be advisable in Indy during the fall or winter? I'm aiming to start with a simple paint and carpet rehab. Any weather issues I need to be aware of? (Never seen a frozen pipe in my life.)
2) Is there a significant drop in the tenant pool during the cooler seasons? My other concern is that I get a place fixed up, only to have to wait until spring to get it rented out, which leaves the property vacant and a target for vandalism or squatting.
Apologies for any ignorant stereotyping of the Midwest. Cheers.