Should Canadians invest in Indiana real estate? Should I buy and hold real estate in Indy remotely? How?

If you want to buy and invest in Indy real estate from outside of the area then there are a few important things that you need to know.  Today we’ll go over how a Canadian investor can invest in Indy real estate.

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.

Should Canadians invest in Indiana real estate? Should I buy and hold real estate in Indy remotely? How?

Indy Anna Explains: 

– Why Indiana’s laws are favorable for investing (even for OOS or International investors) 

– Why specifically Indiana could have higher monthly rent yields than other Midwest States

– Something IMPORTANT to make sure you remember

This is a question from Johnson.

“I am just getting started as a beginner real estate investor located in Vancouver, BC, Canada.  I would like to reach out to fellow investors who have experience in cross-border investing, specifically as a Canadian investing in US real estate.

After doing some research, I have learned that there are “landlord friendly” states that are more suitable or buy/hold investors. These states can include Texas, Indiana, Colorado, Georgia, Kentucky, Mississippi, Alabama and Michigan, just to name a few.

My question is that which state / cities would you guys recommend to dive deeper for a first time buy and hold Canadian investor in the US?

How about investing in Indiana or the Midwest?”

Landlord Friendly State.

So let’s start out with something to keep in mind for anyone that is thinking about investing in a buy and hold scenario (as opposed to fix and flips).  It’s important to consider whether or not you’re getting ready to invest in a ‘landlord friendly state’.

This means for the life of your investment (as long as the legislation remains)

– You are more ‘favored’ in the eyes of the court system when it comes to evictions, deposits, damages etc.
– Property taxes are lower
– As an owner you have say in your investment – things like rent control don’t apply in Indy

Now being in a landlord friendly state is worth considering for sure, but WAY more importantly than this (really being the difference between a successful OOS/International investment or not) is WHO you have helping you with it, in other words;

Your Boots on the Ground

Your “Boots on the Ground” is important because it is the BIGGEST factor in rentals is the management.  You can buy your property at the wrong price, the wrong area and even with the wrong financing…

BUT…

The management can make up for all of that.

That also tells us the opposite…

So at the same time you can buy at the right price, in the right area with the right financing and do the perfect deal but the management can make it a nightmare. 

So you need to have the right property management in place for long term rentals like that.

If you want to fix/flip markets AND also 2% you will only find those in a few states.  Indiana is one of those states.  I covered this in another class but no less relevant to the question.

Indiana is mainly a flat market, in general it never goes very up or down and because of that this is one of the ONLY markets in the world where you can find “2% Houses” or houses that rent for 2% of the purchase price.

For example, you can buy a house for $40,000 that rents for $800 a  month. 

Done correctly, these can be set up for long term passive income.

Once we factor in tax & vacancy rates, job diversity and growth, population & income growth (accounting for poverty decline) combined with current legislation and housing prices (and potential ROI’s)…

It quickly becomes clear why Indiana is an investor favorite.  It just works out favorably with the numbers that were asked about.  All these attractive investments all happen to be confined within our Hoosier borders.  ;  )

So to recap, YES Indiana is a ‘landlord’ friendly state:

– We also covered why this isn’t the most important thing to consider when investing OOS or internationally.

– We covered reasons why having the right “Boots on the Ground” is even MOST important to keep the ‘health’ of your invest up while you’re not here to do so yourself.

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...

The post is HERE.  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 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.  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.

Go to BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
(317)969-5619 (that’s my Direct Line and and yes I actually answer lol)

Free Comic Book Reveals:

100 FREE ways to find motivated sellers.