How does being a landlord in the Indy real estate market compare to other areas? Indy market 101

by | Indy Anna, Real Estate Investing, Uncategorized

How does being a landlord in the Indy real estate market compare to other areas? Indy market 101.

If you are going to invest in Indiana rentals and be an Indy landlord from out of the area then this is for you.  Here’s what you need to know about being a “Buy and Hold” real estate investor in Indiana. 

First of all, THANK YOU again for making this channel the number one channel for Indiana real estate on YouTube according google analytics and SocialBlade info for BigReia.com.

This is a quick video I made about  a Hero’s experiment…

How does the Indy market compare to other markets like GA, AL, and Chicago?

Indy Anna here to answer:

•Why Indiana’s ‘market’ has been tried and true

•Why specifically Indiana may be one of your better options

•Something IMPORTANT to make sure you start with as an OOS (out of state) investor

Mike from Florida had this question:

“Speaking with my neighbor last night, he shared he and his  wife are looking to start investing in single family rentals with roughly $300K in capital saved, and they are split on regions to invest.  In this scenario, they would be out of long-distance landlords, and only one has had prior real estate investing experience in the past…

The 2 markets she is targeting are Atlanta, GA and Birmingham, AL. He prefers the Midwest, targeting Chicago, IL and Indianapolis, IN.

All things considered, of the four markets being considered for buy and hold single family rentals, which markets would you suggest?”

One of the first things is to gauge your appetite and then build/select the right team on the ground.

Being an OOS investor can obviously be very lucrative if you’ve got the right people to work with in the investing area.  I say this as just last week I spoke with someone who had recently taken back over an apartment complex their ‘manager’ had nearly run into the ground.  If they’d had the right people from the start, it would have simply been mailbox money from month one – without the headache.

And I’ve covered in other videos as to why Indy is great for  investors with our landlord friendly laws, lower taxes, etc. 

Then you’ve got to determine what the investing goals are;

If you are okay with C-ish areas then you can find 2% properties, if you need nicer areas then you won’t have 2% or positive cash flowing properties if you are using a mortgage.

If you are paying cash, then you need to develop the target ROI and work backwards

For example, if they want to buy SRF they can buy a few houses in the 30-40k range that are 2% houses (in C areas). 

So if you bought 3 houses @ 40k that each rent for $800 you would have $120k in mortgages or cash invested but  and your gross rent would be $2,400 a month.

So, If you bought 5 that would be $200k and 4k/month every month and 100k left for expenses.

This is how I often do deals with our CA investors; they pay all cash for 5 at a time and it could easily work the same for this situation it seem.

About the area I like Indy for several reasons:

– It is a flat line market so you know you can unload at relatively the same price you bought it. Also 2% houses are common here and only available in a few other places in the Midwest only.

So really, it comes down to three main points that we covered here:

-Who you’re working with, your Boots on the Ground
-What your financial goals are and investing objectives (SFR, multi family, etc)
-Where can you combine the first two point WITH landlord friendly laws, lower taxes, purchase price point, etc. (making it the trifecta of consideration)

Usually, the best place to begin is with a clear picture goals in mind, working around then towards objectives- filling out my investor profile would help make these clearer.

If you want to do deals like this email me or give me a call, remember this is my direct line:

317-969-5619
That’s My Direct Line (that means if I’m in, YES, I’ll actually  answer lol)
OR send me an email
Love (at) BigReia.com or DM me.

Thanks so much!  = )

And as always…

Make the universe SMILE.

~ Indy Anna

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

Wanna Create Generational Passive Income Buying Real Estate and Small Businesses?

Here's a class on exactly how to make $30,000 in passive income as an out of state Indy landlord.  Exactly how many Indiana rental properties do you need to make 30 grand a month.  Anna can you help me invest in Indianapolis turnkey real estate investment properties?

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list. 

Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys - this is a FREE list of EVERY possible contact that you'll ever need to build a real estate business in the Indianapolis or the Midwest.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download.

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When I first go started I thought wouldn't it be great if somebody put together ONE list of every possible contact that I would ever need to build a passive income with Indiana real estate - or any Midwest real estate?  Well that's exaclty what I did with our “People Page” here it is:

A totally FREE list of every possible real estate professional contact you’ll ever need to do unlimited deals, start and scale your real estate business and create generational passive income with real estate anywhere Indiana or the Midwest.

Stay here at BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Income Ascension and Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
(YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

Free Comic Book Reveals:

100 FREE ways to find motivated sellers.