Anyone Actively Investing in Indiana Area (Single Family)

Indianapolis, Indiana
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Anyone Actively Investing in Indiana Area (Single Family)

Gurvinder Singh
Member since 2023 路 3 posts 路 8 votes

I am exploring the best locations to invest in single family home for long term rentals in Indiana area. Appreciate the advice if anyone is actively investing and could suggest the team to work as I will be investing from out of state. 

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Gloria N GearBusiness Member
Realtor 路 Indianapolis IN 路 Member since 2018 路 464 posts 路 339 votes
3y

We are already scheduled to connect, but I would say look where there are plenty of jobs and increasing population.  I am based in Indianapolis and that is my favorite because of the economic diversity.  But I have lived in Indiana most of my life.  Stay away from the little towns that are based on one manufacturing plant, when that goes under, the whole economy goes under.  Terre Haute, Bloomington, and Lafayette are the university towns that do well.  Northwest corner has spill over from Chicago.  Ft Wayne also has some good city developers that are doing some very good things as well.

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  • Gloria N GearBusiness Member
    Realtor 路 Indianapolis IN 路 Member since 2018 路 464 posts 路 339 votes
    3y

    We are already scheduled to connect, but I would say look where there are plenty of jobs and increasing population.  I am based in Indianapolis and that is my favorite because of the economic diversity.  But I have lived in Indiana most of my life.  Stay away from the little towns that are based on one manufacturing plant, when that goes under, the whole economy goes under.  Terre Haute, Bloomington, and Lafayette are the university towns that do well.  Northwest corner has spill over from Chicago.  Ft Wayne also has some good city developers that are doing some very good things as well.

    3Reply
  • Greg C.
    Member since 2022 路 40 posts 路 34 votes
    3y

    There are lots of variables that you may want to share that would influence the advice you recieve. For instance, are you looking for a turn key rental or something underpriced that you can renovate and rent out? What is your ideal renter demographic? College students, working class families, middle income renters, etc.

    Fundamentally, it is important to understand that Indiana is an incredibly heterogenous/diverse housing market. NW Indiana is closer to Chicago in terms of culture and housing stock, with a bigger blue collar employment base and many older bungalow-style SFRs. 

    Then there are all the college towns. South Bend, Bloomington, Lafeyette, Muncie etc. These towns cater to students, but in older more mature neighborhoods, there are also opportunities to rent to academic staff and faculty.

    And of course, the big elephant in the room is Indianapolis and its N. Suburbs which are growing and popular for investors. 

    I would encourage you to consider Indiana as a collection of many smaller markets. You should be researching each one of these markets individually and trying to determine what city and neighborhood is right for your business model.

    Edit: Personally, I think Muncie/Yorktown near Ball State is one of the most undervalued areas in the state. You are always going to have a constant flow of educated young academics/professors looking for housing here. And out-of-state investors do not know the area very well like they know South Bend and Bloomington and other major college towns.

    1Reply
  • Kristen L GarnerBusiness Member
    Lender 路 Phoenix, AZ 路 Member since 2021 路 451 posts 路 287 votes
    3y

    Hi Gurvinder, I invest out of state in Indiana. It is also my hometown originally.  I'd be happy to connect! 

    [email protected]213-880-0434
    0Reply
  • Jonathan KlemmBusiness Member
    Moderator
    Contractor 路 Chicago, IL 路 Member since 2016 路 4k+ posts 路 2k+ votes
    3y

    Hey @Gurvinder Singh - What part of Indiana are you specifically looking at?  I am in Chicago, but @Eudith Vacio might be a good connection if you are looking in NW Indiana.

    Also, if you are looking to build your team check out the "Build your team" button on the top rail of BP:  https://www.biggerpockets.com/real-estate-companies

    [email protected]
    Quality Builders4.968 Reviews
    WebsiteView Page
    1Reply
  • Eudith VacioPro Member
    Real Estate Agent 路 Chicago & NWI 路 Member since 2015 路 860 posts 路 521 votes
    3y

    Thank you for the shout out, @Jonathan Klemm 馃槂

    I am a realtor and investor in Northwest Indiana (Hammond, Whiting, East Chicago, Crown Point, etc. )  - its definitely a profitable market to invest in with room for appreciation. If you want some insight, would love to connect!

    1Reply
  • Mark Jones
    Property Manager 路 Indianapolis, IN 路 Member since 2022 路 150 posts 路 59 votes
    3y

    I know the Indianapolis market well.  Have been investing here for over 25 years.  Happy to be a resource if you are thinking about the Indy area.  

    0Reply
  • Jake RhodesPro Member
    Rental Property Investor 路 Crown Point, IN 路 Member since 2018 路 53 posts 路 17 votes
    3y

    @Gurvinder Singh -- We are in NW Indiana and are very active with Single Family & Multis in the area.  Indiana isn't super sexy but the cashflow and low barrier to entry is.  We would be happy to connect and find what is a fit for your buy box.  When is a good time to connect?  

    0Reply
  • Johann Villalvir
    Real Estate Consultant 路 San Francisco, CA 路 Member since 2023 路 109 posts 路 71 votes
    3y

    Hey @Gurvinder Singh we have several users that invest in Indianapolis. Feel free to schedule a zoom call with me from my profile

    0Reply
  • Nick GiulioniPro Member
    Rental Property Investor 路 Carmel, IN 路 Member since 2016 路 1k+ posts 路 615 votes
    3y

    Feel free to hit me up! I've been investing here for years and can give some insights!

    0Reply
  • Jake KnightPro Member
    Property Manager 路 Indianapolis 路 Member since 2017 路 303 posts 路 146 votes
    3y

    If you're still looking for insight, please feel free to reach out to me!

    0Reply
  • NA Li
    Member since 2023 路 1 post 路 0 votes
    3y

    Happy to connect and share notes. I am OOS as well, bought a SFH this year in FW.

    0Reply
  • Jake RhodesPro Member
    Rental Property Investor 路 Crown Point, IN 路 Member since 2018 路 53 posts 路 17 votes
    3y

    @Matthew Pennington is the guy for Indiana 

    0Reply
  • Staci Rogers
    Lender 路 Bloomington, IN 路 Member since 2023 路 77 posts 路 29 votes
    3y

    In the current rate environment, I've seen investors shifting to Terre Haute, Lafayette, Indianapolis, and the areas just outside of Indianapolis. It is getting more challenging to get properties in Bloomington to cash flow since the housing prices there tend to be higher. Not impossible, just more challenging. 

    Let me know if I can answer any questions for you.

    2Reply
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