All Forum Posts by: Pam Brown

Investors are always looking for a good contractor/handyman.  I assume that (for now) you are most comfortable with small projects since you said Handyman.

Getting bids will suck a lot of your time away from your main investment strategy.  Then chasing materials and actually doing the work is a time consuming venture.  However I hear investors needing work done about every day in my real estate travels. So the need is there.  Are you insured to do the work?  Do you have another income source right now?

Feel free to send me a DM and we can talk.  I've worked with investors in Indy for 20 years and have had rentals of my own.  Best of luck!

Hi Christina and Emily

I would be glad to talk to you about multi-units in Indy.

Let me know if anyone wants to get a copy of the Indiana 2024 Sec 8 Rent Fair Market Value.  The rents went up considerably this year in Central Indiana.

Hi Ken!  Good Intel.  Where do you get the majority of your data state-by-state?  

I didn't take it as you were talking about vacant land/lots :-)

LOL!  The AI did a great job! February has officially hit!  One more month of "winter", then onto better weather.  We're no Hawaii---but the change of the seasons are nice. Welcome to the Hoosier state!

Hey Ashley

I just ran across your post while searching for something else I had previously seen pertaining to Indianapolis. 

How are things going?  Were you able to hook-up with other Indy investors for their take on things?  There should be plenty of Intel to be had about investing in Indianapolis because 90% of my buyers are from OOS. 

...Just interested to know if you identified a property here yet.  Good luck!

 Hi Lilah--I just found a credit union that lends specifically for Indiana properties.  Looks like they have some awesome loan programs and it's just $5 to join the credit union.  Send me a message with your email if you would like the info.

Hello! More Intel on Indiana. The 2024 Indianapolis IN (and surrounding counties) HUD Metro FMRs list for all bedroom sizes was just sent to me by my pm team. Attainable rents went up considerably. FMRs went up almost $300 a month on a two bedroom and larger units went up even more! I cand send a copy of the document for review.

Whatever strategies you are open to---Indy is a great place. STRs and MTRs another option if you are not into Sec 8.  We have a big need for MTRs since there are so many healthcare facilities downtown.  Traveling nurses needing a place to stay. STRs because Indy is booked almost every week for convention events.

And the good old LTRs are normally in high demand. December and January being the slowest months here to find a new tenant.

Best of luck in whatever market you land!

The HUD Section 8, 2024 Fair Market Rents document is out and the rent potential has gone up a lot here in the Indianapolis and surrounding areas in Indiana. A 2-bed can go up nearly $300 a month vs 2023 numbers. Feel free to send a DM and I would be glad to send you a copy of the list and Calculation Methodology that they use. My pm team sent this to me this morning.

WOW, my pm team just sent me the updated 2024 Indianapolis metro, Indiana HUD Section-8 FMRs. A two bedroom is going up almost $300 a month! That's crazy good for cash flow numbers. DM if you would like for me to send you the chart for all bedroom sizes. The rents go up even more for the larger room counts.