Indianapolis neighborhoods for cash flow and appreciation
What are good neighborhoods in Indianapolis for both cash flow and appreciation? I considering buying my first rental property there, and am an out of state investor. Targeting single family/duplex/triplex/quadplex with 3 beds and 2 baths per unit, and $300K or less. Would also love to connect with anyone who already invests there, or is in the process.
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I agree with the notes above but will also caution you to make sure you're very conservative in your underwriting for the multi-family properties with more square footage. My experience with the smaller multi-family units has been that more occupants = more wear and tear on your property so the turnover costs are often higher than SFH. Sometimes it can take longer to place a *qualified* tenant into these properties as well so your vacancy can be a bit higher.