Indiana Real Estate Models
Check out how Indiana does for these scenarios.
5% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
Net Worth at 40 Years
- Evansville = $3.13M
- Fort Wayne = $4.39M
- Indianapolis = $26.76M
- South Bend = $22.82M
Month First Achieved Financial Independence
- Evansville = 62.25 Years (747 Months)
- Fort Wayne = 50.83 Years (610 Months)
- Indianapolis = 9.08 Years (109 Months)
- South Bend = 10.00 Years (120 Months)
5% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
Net Worth at 40 Years
- Evansville = $3.80M
- Fort Wayne = $5.56M
- Indianapolis = $31.93M
- South Bend = $26.24M
Month First Achieved Financial Independence
- Evansville = 54.92 Years (659 Months)
- Fort Wayne = 45.00 Years (540 Months)
- Indianapolis = 8.00 Years (96 Months)
- South Bend = 8.00 Years (96 Months)
10% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
Net Worth at 40 Years
- Evansville = $2.68M
- Fort Wayne = $3.79M
- Indianapolis = $26.76M
- South Bend = $23.13M
Month First Achieved Financial Independence
- Evansville = 63.00 Years (756 Months)
- Fort Wayne = 51.00 Years (612 Months)
- Indianapolis = 9.33 Years (112 Months)
- South Bend = 10.00 Years (120 Months)
Nomad to Short-Term Rentals with 75% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Evansville = $11.63M
- Fort Wayne = $16.24M
- Indianapolis = $57.54M
- South Bend = $45.63M
Month First Achieved Financial Independence
- Evansville = 26.75 Years (321 Months)
- Fort Wayne = 18.00 Years (216 Months)
- Indianapolis = 5.42 Years (65 Months)
- South Bend = 5.17 Years (62 Months)
.5 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Evansville = $2.68M
- Fort Wayne = $3.79M
- Indianapolis = $26.76M
- South Bend = $23.13M
Month First Achieved Financial Independence
- Evansville = 63.00 Years (756 Months)
- Fort Wayne = 51.00 Years (612 Months)
- Indianapolis = 9.33 Years (112 Months)
- South Bend = 10.00 Years (120 Months)
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Evansville = $7.91M
- Fort Wayne = $12.19M
- Indianapolis = $46.47M
- South Bend = $37.17M
Month First Achieved Financial Independence
- Evansville = 35.08 Years (421 Months)
- Fort Wayne = 26.17 Years (314 Months)
- Indianapolis = 6.08 Years (73 Months)
- South Bend = 6.17 Years (74 Months)
10% More Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Evansville = $4.77M
- Fort Wayne = $6.57M
- Indianapolis = $31.93M
- South Bend = $26.42M
Month First Achieved Financial Independence
- Evansville = 53.25 Years (639 Months)
- Fort Wayne = 44.00 Years (528 Months)
- Indianapolis = 8.58 Years (103 Months)
- South Bend = 9.00 Years (108 Months)
25% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
Net Worth at 40 Years
- Evansville = $3.55M
- Fort Wayne = $5.35M
- Indianapolis = $29.07M
- South Bend = $25.18M
Month First Achieved Financial Independence
- Evansville = 55.67 Years (668 Months)
- Fort Wayne = 44.50 Years (534 Months)
- Indianapolis = 8.33 Years (100 Months)
- South Bend = 8.00 Years (96 Months)
5% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
Net Worth at 40 Years
- Evansville = $3.01M
- Fort Wayne = $4.27M
- Indianapolis = $27.24M
- South Bend = $23.71M
Month First Achieved Financial Independence
- Evansville = 62.00 Years (744 Months)
- Fort Wayne = 50.92 Years (611 Months)
- Indianapolis = 9.00 Years (108 Months)
- South Bend = 9.17 Years (110 Months)
10% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
Net Worth at 40 Years
- Evansville = $4.54M
- Fort Wayne = $6.75M
- Indianapolis = $31.83M
- South Bend = $27.17M
Month First Achieved Financial Independence
- Evansville = 51.75 Years (621 Months)
- Fort Wayne = 41.17 Years (494 Months)
- Indianapolis = 7.17 Years (86 Months)
- South Bend = 7.92 Years (95 Months)
10% Less Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Evansville = $2.10M
- Fort Wayne = $3.17M
- Indianapolis = $26.71M
- South Bend = $22.91M
Month First Achieved Financial Independence
- Evansville = 70.33 Years (844 Months)
- Fort Wayne = 56.92 Years (683 Months)
- Indianapolis = 9.33 Years (112 Months)
- South Bend = 10.08 Years (121 Months)
Nomad™ and Sell ALL Rentals if SWR Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
Net Worth at 40 Years
- Evansville = $3.42M
- Fort Wayne = $4.89M
- Indianapolis = $28.47M
- South Bend = $24.55M
Month First Achieved Financial Independence
- Evansville = 52.42 Years (629 Months)
- Fort Wayne = 43.33 Years (520 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
.25 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
Net Worth at 40 Years
- Evansville = $3.60M
- Fort Wayne = $5.23M
- Indianapolis = $29.45M
- South Bend = $24.95M
Month First Achieved Financial Independence
- Evansville = 57.00 Years (684 Months)
- Fort Wayne = 46.42 Years (557 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
10% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
Net Worth at 40 Years
- Evansville = $4.24M
- Fort Wayne = $6.34M
- Indianapolis = $33.92M
- South Bend = $28.31M
Month First Achieved Financial Independence
- Evansville = 51.50 Years (618 Months)
- Fort Wayne = 41.00 Years (492 Months)
- Indianapolis = 7.08 Years (85 Months)
- South Bend = 8.00 Years (96 Months)
Nomad to Short-Term Rentals with 25% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Evansville = $4.81M
- Fort Wayne = $7.43M
- Indianapolis = $35.49M
- South Bend = $28.98M
Month First Achieved Financial Independence
- Evansville = 47.83 Years (574 Months)
- Fort Wayne = 37.67 Years (452 Months)
- Indianapolis = 7.25 Years (87 Months)
- South Bend = 8.00 Years (96 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Evansville = $3.42M
- Fort Wayne = $4.89M
- Indianapolis = $28.47M
- South Bend = $24.55M
Month First Achieved Financial Independence
- Evansville = 58.50 Years (702 Months)
- Fort Wayne = 48.50 Years (582 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
10% Property Manager While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
Net Worth at 40 Years
- Evansville = $2.98M
- Fort Wayne = $4.14M
- Indianapolis = $25.02M
- South Bend = $20.84M
Month First Achieved Financial Independence
- Evansville = 66.00 Years (792 Months)
- Fort Wayne = 53.00 Years (636 Months)
- Indianapolis = 10.25 Years (123 Months)
- South Bend = 11.00 Years (132 Months)
3% Property Price Discount While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
Net Worth at 40 Years
- Evansville = $3.75M
- Fort Wayne = $5.37M
- Indianapolis = $30.06M
- South Bend = $25.09M
Month First Achieved Financial Independence
- Evansville = 56.00 Years (672 Months)
- Fort Wayne = 46.00 Years (552 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
Nomad™ and Payoff OO if Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
Net Worth at 40 Years
- Evansville = $3.42M
- Fort Wayne = $4.89M
- Indianapolis = $28.47M
- South Bend = $24.55M
Month First Achieved Financial Independence
- Evansville = 48.67 Years (584 Months)
- Fort Wayne = 40.92 Years (491 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
Buy Non-Owner-Occupant All Cash As Renter
Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
Net Worth at 40 Years
- Evansville = $3.69M
- Fort Wayne = $4.36M
- Indianapolis = $14.05M
- South Bend = $14.61M
Month First Achieved Financial Independence
- Evansville = 51.00 Years (612 Months)
- Fort Wayne = 42.00 Years (504 Months)
- Indianapolis = 21.08 Years (253 Months)
- South Bend = 19.50 Years (234 Months)
Buy Non-Owner-Occupant All Cash
Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
Net Worth at 40 Years
- Evansville = $3.74M
- Fort Wayne = $4.63M
- Indianapolis = $18.65M
- South Bend = $18.03M
Month First Achieved Financial Independence
- Evansville = 48.00 Years (576 Months)
- Fort Wayne = 38.42 Years (461 Months)
- Indianapolis = 14.83 Years (178 Months)
- South Bend = 14.50 Years (174 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Evansville = $3.32M
- Fort Wayne = $4.64M
- Indianapolis = $27.03M
- South Bend = $24.46M
Month First Achieved Financial Independence
- Evansville = 59.00 Years (708 Months)
- Fort Wayne = 49.50 Years (594 Months)
- Indianapolis = 9.25 Years (111 Months)
- South Bend = 9.75 Years (117 Months)
5% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
Net Worth at 40 Years
- Evansville = $3.92M
- Fort Wayne = $5.70M
- Indianapolis = $30.54M
- South Bend = $26.28M
Month First Achieved Financial Independence
- Evansville = 55.00 Years (660 Months)
- Fort Wayne = 44.83 Years (538 Months)
- Indianapolis = 8.00 Years (96 Months)
- South Bend = 8.00 Years (96 Months)
.5 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
Net Worth at 40 Years
- Evansville = $3.83M
- Fort Wayne = $5.57M
- Indianapolis = $30.45M
- South Bend = $26.19M
Month First Achieved Financial Independence
- Evansville = 55.17 Years (662 Months)
- Fort Wayne = 44.83 Years (538 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 8.00 Years (96 Months)
3% Commission While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
Net Worth at 40 Years
- Evansville = $3.69M
- Fort Wayne = $5.17M
- Indianapolis = $29.15M
- South Bend = $25.05M
Month First Achieved Financial Independence
- Evansville = 57.00 Years (684 Months)
- Fort Wayne = 46.42 Years (557 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
Net Worth at 40 Years
- Evansville = $3.41M
- Fort Wayne = $4.94M
- Indianapolis = $28.47M
- South Bend = $24.55M
Month First Achieved Financial Independence
- Evansville = 53.33 Years (640 Months)
- Fort Wayne = 41.42 Years (497 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 9.00 Years (108 Months)
20% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
Net Worth at 40 Years
- Evansville = $3.44M
- Fort Wayne = $5.08M
- Indianapolis = $29.82M
- South Bend = $25.43M
Month First Achieved Financial Independence
- Evansville = 57.00 Years (684 Months)
- Fort Wayne = 45.17 Years (542 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 7.33 Years (88 Months)
.25 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Evansville = $3.29M
- Fort Wayne = $4.65M
- Indianapolis = $28.11M
- South Bend = $24.14M
Month First Achieved Financial Independence
- Evansville = 59.58 Years (715 Months)
- Fort Wayne = 49.00 Years (588 Months)
- Indianapolis = 8.50 Years (102 Months)
- South Bend = 9.00 Years (108 Months)
10% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
Net Worth at 40 Years
- Evansville = $2.76M
- Fort Wayne = $3.83M
- Indianapolis = $24.79M
- South Bend = $20.89M
Month First Achieved Financial Independence
- Evansville = 66.75 Years (801 Months)
- Fort Wayne = 54.75 Years (657 Months)
- Indianapolis = 10.08 Years (121 Months)
- South Bend = 10.83 Years (130 Months)
No Real Estate, Invest in Stocks
Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
Net Worth at 40 Years
- Evansville = $3.84M
- Fort Wayne = $3.86M
- Indianapolis = $3.88M
- South Bend = $3.82M
Month First Achieved Financial Independence
- Evansville = 45.25 Years (543 Months)
- Fort Wayne = 45.08 Years (541 Months)
- Indianapolis = 45.00 Years (540 Months)
- South Bend = 45.33 Years (544 Months)
Pay off mortgages early when Nomading™ with any excess cash.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
Net Worth at 40 Years
- Evansville = $3.37M
- Fort Wayne = $4.99M
- Indianapolis = $29.49M
- South Bend = $24.18M
Month First Achieved Financial Independence
- Evansville = 50.58 Years (607 Months)
- Fort Wayne = 42.25 Years (507 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 8.67 Years (104 Months)
Pay off mortgages in full early when Nomading™.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Net Worth at 40 Years
- Evansville = $3.37M
- Fort Wayne = $5.01M
- Indianapolis = $29.48M
- South Bend = $24.16M
Month First Achieved Financial Independence
- Evansville = 50.58 Years (607 Months)
- Fort Wayne = 42.17 Years (506 Months)
- Indianapolis = 8.08 Years (97 Months)
- South Bend = 8.67 Years (104 Months)
25% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Evansville = $3.44M
- Fort Wayne = $4.92M
- Indianapolis = $3.88M
- South Bend = $26.65M
Month First Achieved Financial Independence
- Evansville = 57.92 Years (695 Months)
- Fort Wayne = 47.08 Years (565 Months)
- Indianapolis = 45.00 Years (540 Months)
- South Bend = 9.33 Years (112 Months)
20% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Evansville = $3.32M
- Fort Wayne = $4.63M
- Indianapolis = $3.88M
- South Bend = $27.29M
Month First Achieved Financial Independence
- Evansville = 60.00 Years (720 Months)
- Fort Wayne = 49.00 Years (588 Months)
- Indianapolis = 45.00 Years (540 Months)
- South Bend = 8.83 Years (106 Months)
More Model Comparisons for Indiana
The following are the various scenarios we ran summarized with Indiana cities highlighted.
- Is it better to put 20% down or 25% down when buying rentals? - First, we buy an owner-occupant property with 5% down then we start buying rental properties. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down or 25% down when buying rentals when you don't buy an owner-occupant property first? - We start buying rental properties immediately... even before we buy an owner-occupant property. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 20% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy.
- When Nomading™ should you consider selling ALL your rentals if it means you'd be able to invest in stocks, bonds or something else and live off these investments using a Safe Withdrawal Rate instead of the cash flow from rentals? - You could acquire a portfolio of rentals utilizing the Nomad™ real estate investing strategy and wait for the cash flow to be great enough for you to be able to achieve financial independence from the cash flow. But, what about the equity in your properties? Would it be better for you to sell off all the rentals and take the net proceeds after all the expenses and invest that in something else. Then, live off these other investments using a Safe Withdrawal Rate?
- Is it better to put 25% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 25% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy. 25% down has a slighter better interest rate than 20% down.
- Is it better to buy 20% down rentals or invest in stocks? - See how buying 20% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to buy 25% down rentals or invest in stocks? - See how buying 25% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or invest in stocks? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy a single owner-occupant with 5% down then buy up to 9 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying just one owner-occupant with 5% down then buying up to 9 rentals all cash as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy up to 10 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying up to 10 rentals all cash as we model it across the US in over 300 cities.
- Is it better to buy rentals with 20% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 20% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to buy rentals with 25% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 25% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to pay off rentals when Nomading™ early with extra cash flow or only pay them off in full? - When you're Nomading™, should you pay off mortgages early? Specifically, is it better to take any excess cash and pay off rentals early with any excess cash you have or wait until you've saved up enough where you pay off the mortgage in full and keep the excess money in the stock market while you're waiting. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals early with extra cash flow or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties early with extra flow? See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals in full early or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties in full early? You keep your money invested in the stock market until you have enough to pay off the lowest balance mortgage. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off your owner-occupant mortgage when Nomading™? - Is it better to pay off your owner-occupant mortgage when Nomading™ if that means you're financially independent? Or, should you just do traditional Nomad™ without paying off your owner-occupant property early? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 20% down payment rentals or keep renting instead? - When you're buying 20% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 25% down payment rentals or keep renting instead? - When you're buying 25% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 20% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 20% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 25% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 25% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
Specific Strategy Summaries for Indiana Cities
The following are the various scenarios we ran summarized with Indiana cities highlighted.
Check out how these reports summarizing how a particular strategy performed across all states:
- 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
- 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
- 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
- Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
- .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
- Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
- 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
- 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
- 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
- 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
- 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
- Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
- .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
- 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
- Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
- 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
- Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
- Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
- Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
- Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
- .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
- 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
- Nomad™ and Sell SOME Rentals to Payoff Others if FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
- 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
- .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
- 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
- No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
- Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
- Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
- 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
- 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Detailed Indiana City-Specific Modeling
Check out the detailed modeling for these Indiana cities.
Evansville
Fort Wayne
Indianapolis
South Bend