All Forum Posts by: Gloria N Gear

Hi Randee, I can speak to the Indianapolis market.  It has been in the top 10 areas to invest for a while now, but there are plenty of neighborhoods that still need improved.  The economy is thriving in several areas -- pharmaceutical, medical, IT, Distribution centers, manufacturing, government defense, sports, convention center -- a wide variety, so we aren't depending on only one type of industry.  With the low cost of living and plenty of space to keep building, it is very attractive to many corporations -- which translates to the need for more housing.

I can help you with single and small multi in Indy, but for commercial, I send my clients to my friend James Story -- I will PM you his info.

I am going to PM you some contact info for Jonah Hartsburg -- He was a property manager in Indianapolis, but moved up to Marion and is continuing to do flips and rentals up there.  I am not 100% sure how much property managing he is doing in the area, but he could point you in the right direction.

Hi Oren,  I will reach out to you privately as well.  But, for title companies - my Go-to is Hocker Title (they work very well with OOS investors and can handle any unique situations)  Monument and Investors Title are also good with investors as well.  For inspectors, I prefer 5M inspections, they are very thorough.

I live between Avon and Plainfield, I just saw a rental in the neighborhood next to me advertised for $3000 for LTR,  totally shocked - the one two doors down from me is renting for $2400.  I have a guy on my team that is successfully renting by the room to young professionals, travel nurses, and college students, but that is downtown Indy.  I don't know how that would work in Hendricks County.  Check your selling comps too though, you may have enough equity to buy another property close to you in Virginia that you could manage better.

Hi Deane,

I just want to validate your hesitations and tell you that it is a good thing that you are not jumping into something that you are not prepared for.  Most of the time, fear is lack of information though.  I would be happy to help you build your team here in Indianapolis.  You just need people in the lending, insurance, property management, construction, and real estate to educate you in all of these areas so that you can make informed decisions.  Happy to have a conversation with you.

Hi Alejandro, I just had a new client (investor) from Toronto drive the short 8 hour drive to Indianapolis this weekend to do some research of the area with me.  I would be happy to connect the two of you and talk with you about my experiences with my other Canadian investors.

Hi AJ, my husband grew up in Pittsburgh area and is also a Steelers fan.  I do not know the real estate market there, but I would say research the job market and economic stability. (He has one brother in that area with a very stable manufacturing job). Just a general rule for any areas you are looking at.  I am in the Indianapolis Market and happy to have a conversation with you about that area.  Very stable and diverse economy here.

I just came from a wealth building seminar that stated as realtors, our first option should always be to buy the property ourselves.  I had a similar situation with a friend, she was a widow lady, so I went to her son and clearly laid out what the open market would bring but what she would have to do in repairs to get it to that point.  Then I told him what I was willing to pay.  They opted for less hassle and took my offer.  As long as you are very clear with the numbers and give the owner options (supported by comps and facts), you are not being unethical.

This is not a completely popular opinion, but I am partial to the west side of downtown Indianapolis around the Indy 500 track and the zoo.  I have 2 properties over there myself and they are my favorite buy & holds.  (I paid $106K for one and $95K for the other).  There is a lot of commercial development happening all around there - Indy 11 complex, 16 Tech, Hospitals (Community is adding 900 beds), Elanco headquarters.  Be happy to hop on a call with you to discuss.  I also have links to these developments.