Updated over 8 years ago on . Most recent reply
Share your out of state success stories in indianapolis
ive just returned from a short trip to indianapolis and it was an amazing experience. I was able to meet lot of great folks, drove around everywhere checking out different neighborhoods (low income to high areas) and properties.
Loved the diversity, and was very impressed how well maintained and clean the city was. The trip definately gave me confidence and i could say that i would be comfortable investing there if i see an opportunity.
Anyways, as ive been coming across lots of horror stories and negative feedbacks lately about OOS experience throughout BP forum lately, i would love to hear about investors whos had success and positive experience in Indy as well. I would love to connect with successful OOS investors, specifically in indianapolis, and learn about your strategies and stories, and perhaps find investment opportunities.
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I have had some great success in Indy and I live in Sacramento. I have quite a few out there now and even though I learned some lessons it's going well after two years.
100% most important thing for an OOS is finding the right management company. I would know I was with a terrible one for way too long and it cost me quite a bit.
Your on the right track having gone and toured the city for yourself before jumping in. Keep making connections and setting up your network. Just understand what you can and cannot control being so far away. Good luck and happy investing!