Uploaded February 2026 | Updated September 2026, 1 week ago
I Bought A Rental in Gary, IN So YOU Don't Have To!
In 2020, I bought a 3-bedroom single-family rental in Gary, Indiana — a city once labeled America’s most miserable city. I paid $60,000, invested roughly $25,000 in renovations, and took on the risk so you don’t have to.
At the time, this property rented for $875 per month. Fast forward to 2026, and it now rents for $1,250 per month — all while my principal and interest payment has stayed the same. The only real increases over time have been taxes and insurance, something every investor deals with.
In this video, I break down:
Why I chose to invest in Gary, Indiana
The real numbers behind this rental property
A major foundation repair that cost me $11,500
How cash flow, rents, and risk actually play out over time
Why long-term ownership matters more than short-term fear
This isn’t a highlight reel. I talk openly about the wins AND the pain, including unexpected repairs and holding a property in a city most investors refuse to touch.
I also explain why I believe Gary, IN deserves a second look. For the first time in decades:
Population has begun growing again
Property values are increasing
Businesses are returning
Investor sentiment is quietly shifting
Gary is making a historic comeback, and early investors are already seeing the benefits.
On this channel, Millennial Mike, I’ve earned the nickname “The King of Gary” because I focus heavily on real, unfiltered investing in Gary, Indiana — not guru fantasies or TikTok hype.
If you’re curious about:
Cheap Midwest real estate
High-risk, high-reward rental markets
Buying rentals in “bad” cities
Long-term cash-flow investing
Or whether Gary, Indiana is still a mistake…
This video will give you the honest answer.
I Bought A Rental in Gary, IN So YOU Don't Have To!
In 2020, I bought a 3-bedroom single-family rental in Gary, Indiana — a city once labeled America’s most miserable city. I paid $60,000, invested roughly $25,000 in renovations, and took on the risk so you don’t have to.
At the time, this property rented for $875 per month. Fast forward to 2026, and it now rents for $1,250 per month — all while my principal and interest payment has stayed the same. The only real increases over time have been taxes and insurance, something every investor deals with.
In this video, I break down:
Why I chose to invest in Gary, Indiana
The real numbers behind this rental property
A major foundation repair that cost me $11,500
How cash flow, rents, and risk actually play out over time
Why long-term ownership matters more than short-term fear
This isn’t a highlight reel. I talk openly about the wins AND the pain, including unexpected repairs and holding a property in a city most investors refuse to touch.
I also explain why I believe Gary, IN deserves a second look. For the first time in decades:
Population has begun growing again
Property values are increasing
Businesses are returning
Investor sentiment is quietly shifting
Gary is making a historic comeback, and early investors are already seeing the benefits.
On this channel, Millennial Mike, I’ve earned the nickname “The King of Gary” because I focus heavily on real, unfiltered investing in Gary, Indiana — not guru fantasies or TikTok hype.
If you’re curious about:
Cheap Midwest real estate
High-risk, high-reward rental markets
Buying rentals in “bad” cities
Long-term cash-flow investing
Or whether Gary, Indiana is still a mistake…
This video will give you the honest answer.
