Should I invest in Northwest Indiana real estate if I live in Chicago? How to invest in Indy smartly

by | Indy Anna, Real Estate Investing, Uncategorized

Should I invest in Northwest Indiana real estate if I live in Chicago? How to invest in Indy smartly.

Investing in Indiana real estate can be a a great idea.  Today we will talk about investing in the northwest parts of Indy when you live Chicago. 

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…

Should I invest in Northwest Indiana real estate if I live in Chicago? How to invest in Indy smartly

Indy Anna here to answer:

•Why Indiana’s laws are favorable for investing, OOS
investors included

•Why specifically Northwest Indiana might not be your
BEST choice

•Something IMPORTANT to make sure you remember

This question was from Tim from Chicago:

“First time investor from Chicago but leaning towards investing in NW Indiana due to cheaper taxes and properties in general. Wondering if anyone is currently investing in NW Indiana and can give any insight on the market.  Thanks.”

I want to start out by saying that you’re leaning in the right direction Tim and have the right idea.

I’ve experienced this personally where it seems the logical conclusion to jump from Chi-town to Indy.

The reason this is so attractive to Chicago investors is logical.

-Taxes are cheaper
-You’re about an hour out from your investment while still living in Chicago
-I’ve even known investors to end up picking a place like Valparaiso to retire in after leaving Chicago- snug in their class ‘A’ house while investing in areas like Gary
(even closer than they were before)

I get why NW Indy seems like the ideal place to start if you’re in Chicago BUT…

You need to consider a few things here first about the area:

– You’re right on the money with a landlord friendly state (check)
– You’re right again in being ‘close to home’ even if out of state (check)
– What could maybe be improved upon is bang for your buck and value

If you want a standard ‘C’ class area to invest in typically Gary/ Michigan City areas aren’t going to be your mark when aiming.

Yes, Valpraiso (Valpo) and South Bend have some REALLY nice areas in them as far as ‘A’ class properties, but your money isn’t going to work as hard for you there (as is typical with ‘A’ class areas)

So where is your money going to work the hardest for you, where you can still benefit from Indiana’s landlord friendly laws and our lower taxes/overall Midwest price point?

Once you’ve found yourself on or inside the I-465 loop-you’ve hit your mark ( ironically, it’s in the shape of a bullseye lol)

Indy metro and surrounding areas are going to give you access to what you really want;

-Lower taxes
-Landlord friendly laws
-Value in price point ( be sure to check out other replies
posted to 2% monthly yield houses!) 

These are areas in Indianapolis (including Lawrence, Fountain Square, Broad Ripple, Little Flower, Bates-Hendricks, etc.)

These areas are going to allow you to buy more ‘house’ for your money and in some of these areas we dive into the world of 2% monthly yield properties.

And just to be clear YES taxes are good but remember with a good team you can use an IRA and other investment vehicles and basically invest without paying taxes.

So, if I’ve given you insight into where the ‘sweet spot’ in Indy is, and gone over the perks you’re coming into as an Indy investor.

That leaves out one thing (the reason I think NW Indy was mentioned in the first place) Proximity to Chicago for a Chicago based investor.

Look, I get it. 

I have family in Valpo that retired from Chicago (as did their friends) and moved here
because taxes were so much cheaper, but they could keep their boats on Lake Michigan, visit friends when they wanted to and be just an hour- ish away from the  city again.

But more importantly than our taxes, laws, deals, etc. is who you’re working with, your “Boots on the Ground” here is the heart of it all.  This is going to be the single most important thing for any OOS investor.  Having the right person or people here in Indy is going to be the most helpful thing for you – for any investor.

So, to summarize;

– I covered why Indy is the right state to invest in, but make sure to zone in on ideal investing areas
– I covered the reasons some investors from Chicago are drawn to NW Indy, but why it might not be the best place to start
– We went over the single most important thing to ensure
your investment in the Hoosier state.

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.