Rental Property Investor · Member since 2019 · 64 posts · 13 votes
Hello BP family, I have narrowed my decision down to invest in either Pittsburgh, PA or Indianapolis, IN. the difference between the two are that Indiana has a bigger population with 876k compared to 301k in Pittsburgh. Indiana also has two of the biggest professional sports in their city with basketball and football teams. I'm curious to know if either state has laws that will waiver my decision. Any suggestions is greatly appreciated.
I own a property in Indy and have been very happy with it. My realtor, lender and property manager are all great. That being said, my cousin was visiting me here on the west coast recently during fire season - her first one- and she made a comment about how lucky they were in Pittsburgh because they don't really have any natural disasters to worry about. She said that even the snow isn't bad. Now I'm taking a peek at listings there just to see.
My husband grew up in the Pittsburgh area and we now live in Indy -- the culture, etc is very similar. I feel that Indianapolis has much more economic diversity - tech companies, pharmaceutical/medical, several colleges, manufacturing, distribution centers, hospitality/convention centers -- so we are not as affected if one particular industry takes a dive.
Our real estate areas are also very diverse. I love chatting about the different areas of Indy and the different types of investing that work in each different area. Let me know if you want to connect.
Hi Gloria - I'd love to learn more. Going to send you a message!