Indiana has many benefits for real estate investors, from taxes deduction to a significant amount of land ready for construction. I'm curious, why did you choose this state for your investment strategy? 🤔
Price points! Could initially make west coast dollars go a bit farther in Indy, plus the landlord-friendly laws; not to mention the possibility for several different kinds of strategies depending on what kind of property became available. Indy has everything from SFH to multi-family to commercial opportunity - just made sense the way the numbers worked out. Little trickier in today's market and with inventory being low, but still grinding away!
I'm glad you have successful investments in this state @Alora Glaze !
Stable rent growth! Nearly 40 Years of 3% rent growth for Indianapolis (4.7% during Covid).
Diversified Economy: Government, Education, Medical, Tech, Logistics, Finance etc.
#1 Airport in North America
#1 City in Pass-through highways / logistics
#2 Fedex hub in the world (expanding by $1billion+)
the list can go on and on :)
Other than the fact that Indiana is where I live, work, and raise a family, I think it's competitively priced and has adequate inventory for getting in the real estate investing game at a middle class level. For example: I work as a Worship Minister at a church and got into the game by investing in single family homes. I moved out of my house earlier this year, rented it out, and bought a 2-house property, moved in the front house and have a tenant in the back one, while working my job and saving. I plan to buy another 2-4 unit property next year in 2022. BiggerPockets has helped me a lot.