WHAT DOES A GOOD DEAL IN INDIANAPOLIS LOOK LIKE
When I first started to look into Indianapolis I started to filter my potential deals by only looking at properties that were under $100k and meet the 1% rule, but I'm still not finding anything without offering WAY WAY LOWER than asking price. So I'm guessing I have to filter my searches further.
To cash flow $200 per month and get a cash on cash return of at least 10% at what price points and rents for 2 bed or 3 beds in Indianapolis should I be looking at?
For example, should I even be looking at houses over $80k?
PS I want to do minimal rehab (paint, floor, kitchen cabinets only) since I am an out of state investor.Thanks.