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Updated over 5 years ago on . Most recent reply

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Johnathon Kim
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Neighborhood advice for new OOS investor?

Johnathon Kim
Posted

Hello!

I'm brand new to investing in real estate and my goal for 2020 is to 1) learn as much about REI as possible and 2) put my first SFR that cash flows $200+ per month under contract.

After weeks of analysis paralysis, I finally decided to pick Indianapolis as my market of choice, but I'm getting stuck again trying to pick a neighborhood.. 

I'm from California, so I'm looking for a neighborhood that's not so "block-by-block". Probably A-B neighborhoods. Are there any neighborhoods or zip you more experienced investors would recommend I should stick to? I'm thinking Fishers or Irvington at the moment.

Thanks so much!

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Spencer Gray
  • Syndication Expert and Investor
  • Indianapolis, IN
807
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591
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Spencer Gray
  • Syndication Expert and Investor
  • Indianapolis, IN
Replied

@Account Closed I also like parts of Lawrence but it's definitely not an A-B submarket, much more C- / B. Good cashflow opportunities and rent growth. I would like at markets like Avon, Plainfield, anywhere in Hamilton County, Washington Township, and Greenwood for more A-B neighborhoods.

There are also great multifamily opportunities in Indy as well which is my focus. 

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