Columbus Indiana Market
Hi All,
New to bigger pockets and RE investing in general. Located near Columbus, IN. Posted this in the starting out thread but thought I would get some thoughts here.
Columbus Market -- Should I be concerned that Cummins employs almost 20% of the population? I know that one major employer is kind of a red flag, I guess I am wondering what constitutes one major employer.
Thanks in advance for your thoughts!
Most Popular Reply
@Anson Giden You forgot to mention the Casino as an employer in Shelbyville! :) I believe not a lot of employees would commute from Shelby to Indy compared to Franklin or Greenwod on the south side. I'm guessing most of the employment in Shelby is either local or maybe in Franklin. If you're a native there and you have a good idea of the rents, stability of local jobs and you can manage your portfolio, it could be something worth looking into. Indy has multiple employers so even if a company goes out, you won't take a hit right away. If a major employer like Ryobi, Knauf or Casino pull out for whatever reason, think about what would sustain a town like Shelbyville. What do most people do there?