That’s the question that I am always asked. After all,
aren’t we supposed to invest in our own backyards?
My answer is very simple—Cash flow and ROI.
Indy is consistently ranked one of the most affordable real
estate markets in the U.S. You can buy 2 or 3 properties in Indianapolis for
what you’d pay for just 1 property in the
most affordable California market. And that means higher ROI’s. ROI’s of 12-14% are very typical and
can be much higher depending on the area of town.
Plus, the cash flow is great-- ranging between $400-$500 per
month on single family homes-- after ALL expenses.
But Indianapolis offers more than just high returns. It’s
also one of the safest markets for investment. In fact, Local Market Monitor, Inc.
rates Indy as one of the top 3 safest markets for real estate investors
according to the Wall Street Journal. Read the article here:
http://online.wsj.com/article/SB10001424052748703791804575439871207245044.html
So with numbers like
these, it’s clear why this Californian loves Indianapolis. I’ll still take our
weather though!
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Good Post Mike
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