out of state investor

[Rubin Thomas]

Hi everyone,

I'm doing some due diligence into the Indianapolis rental market and was looking for some guidance and contacts I can connect with (namely a strong real estate agent, PM, lender, another investor who knows the area well, etc). 

I'm currently looking to purchase buy and hold properties long-term for cash flow. I'm looking for a duplex in the 60k to 80k range in a Class B or C neighborhood. My goal is to buy them with conventional financing. Ideally I would want them already tenant occupied with minor cosmetic updates needed. 

I know that may be alot but wanted to see if that criteria would be achievable here.

Thanks for reading,

Rubin

[Kenny Hall]

Hey @Rubin Thomas! Feel free to shoot me a message and we can talk all-things Indy, property management and hone in your criteria. It's definitely doable if you're looking in the right areas and have some money set aside to do some minor rehab to it once the lease is up if/when that happens. Often when you purchase property tenant occupied, it'll come with a lease that is month-to-month so it's in your best interest to get a long term lease signed right away, or decide you want to part ways, do some minor rehab and target a higher rent that aligns with the market. Looking forward to talking more.