All Forum Posts by: Gloria N Gear

Hi Jon,

Welcome!!!  I am a local investor here in the Indy area.  I also am a realtor that has helped OOS investors for Indianapolis area for over 8 years now.  Favorite part of my job is having a conversation with new investors to the area and talking about all the new developments happening here, the neighborhoods that are tranisitioning, and the population/job growth that is happening all around.  I will PM you so that we can connect.

Try Hocker Law or Clapp-Ferruci -- I will PM you contact numbers.

@Edwin Watson Triple E Property

I am not out of state -- I live here in Indy.  But I work with out of state investors and happy to send you some contacts of people that have done it successfully if you PM me.  Even living here, I would say that the biggest challenge is reliable contractors.  I have some, but it seems that as soon as you get a good one, they get super busy and backed up.  I would say the second challenge is getting truthful information about areas from some local people -- I think you need a whole team of people from different aspects (realtor, property manager, lender, inspector, appraiser, contractor, outside consultant).  Have different opinions telling you a property is good before you purchase.

Hi @Ryder Payne, GREAT GOALS!!! I am going to PM the contact info of a guy on my team here in Indianapolis that did just that. He saved half of all of his paychecks from the time he was 16. He moved to Indy after he graduated from college when he was 21 and bought a house on an FHA loan and house hacked it. He is just about ready to purchase his second one this month. During the time when he was saving and finishing college, he picked a property every single day and analyzed it for practice, so that when he was ready to buy, he knew exactly what he needed to do when he bought it. You can do this -- be intentional!

Hi Jonah,  I would love to join your team.  Indianapolis is a great place to invest.  Happy to hop on a call with you to discuss.  I have been an OOS agent for 8 years and am an investor myself.  For wholesalers, there are 5 major wholesalers in town (and hundreds of mom & pop wholesalers).  Simple Wholesaling is my favorite - Terry Young is who you need to talk to.  For lenders, start with @Jared Shore Mamba mortgage - he can help with both DSCR and HML. Contractors - I have few I can recommend, but that is a rotating industry - if you find a good one, hold on to him and keep him busy. I also have lists of property managers, inspectors, title companies, etc. I will PM you my info so we can get in touch.

I'm in Indianapolis!!  I can tell you have started research -- all great neighborhoods.  Some of those areas may be a little more than cosmetic flips at that price point.  I would love to hop on a call and discuss and possibly give you some ideas for other neighborhoods.  I will PM you.

Indianapolis has consistently been in the top 10 places to invest for years now.  The market is very steady -- 5-7% year over year (expect for the few crazy years after pandemic), job grown is exceptional -- I just read an article that was predicting 9% growth this year.  It is a very diverse corporate world, so if one industry is not going well, there are half a dozen other that are.  (pharmeceuticals, distribution, manufacturing, tech, medical are among the top sectors). Cost of living is very affordable -- property taxes - 2% for landlords.  Median sales price is $300,000, but still plenty of rental properties selling under $200,000.

I have been helping OOS investors in Indianapolis for 8 years now and have done 9 properties myself.  Would be happy to have a conversation with anyone seeking more information.

Hi Joseph, I am an investor in Indianapolis and also help out of state investors to learn the areas.  I think Indy is a great diversity of communities and properties, so anything you would like should be here.  I will PM you.

Hi William,

I live and invest in Indy (I am on the west side).  I think we have the best advantage because we are where many of the investors want to be and we can drive the neighborhoods ourselves and know where the transitioning areas are.  Would love to meet up with you for coffee and share.