All Forum Posts by: Tyler Lingle
Tyler Lingle has started 51 posts and replied 411 times.
Post: experienced PM contacts wanted Indy
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
I would recommend Intrigue Indy Property Management or LIV Indy property management. I've used and recommended both.
Post: Ground-up multifamily building / investing
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
I'm looking at discounted lot, specifically in urban Indianapolis, and looking to develop them. Ideally, we are looking to do either prefabricated multi (duplex or quad) or "stick build" with a traditional builder. Does any one have experience building 2-4 unit multifamily that can speak to this? Any overall advice here? I'm really just looking to network and learn at this stage!
Post: Looking to Owner Occupy a 2-4 Unit Multifamily in Indianapolis or Surrounding Suburbs
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Hi Joe! Chiming in here. That price range is very realistic. I would suggest looking around Fountain Square, good parts of the Near Eastside, and potentially Near Northside / Mapleton Fall Creek / Broad Ripple. Indianapolis is very "pockety". I am happy to discuss at further detail and help you as a realtor as well.
Post: Talk to me about Private Lenders!
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Quote from @Mark Jones:
Another way to get access to cash quickly is to have home equity loans on your other properties that you can draw from depending on the portfolio you have. You could then do a delayed financing conventional loan after the fact. Once you meet the max financed loan for conventional financing, you can get a blanket loan so you can use conventional again. For your long term holds, that will be the most cost effective financing available. You can do a 20% down with a Conventional loan on a 1 unit. You could get pre-approved with a reputable local lender and that way you could close quickly once you find a property. I also have a private money lender I can refer you to that lends in Indiana!
Great stuff here. The portfolio loan on multiple properties is VERY overlooked. Probably lower interest and more agency of appraised values with commercial loans too.
Post: Investing in long term rentals out of state
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Indianapolis. It's on a sharp upward trend, but doesn't take the recession hits that other growing cities do by being in the Midwest. It's where I own all my rentals. Low vacancy too. ~4-5%.
Post: Turnkey Investment Companies
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
These turnkey companies, in my experience, invest the bare minimum to make these properties livable and picture-worthy. Working with investors by analyzing MLS deals & off market deals that come my way, we can always score bigger and often win inspection concessions by going about it the old fashioned way.
Post: Advice?? Placing multiple offers, but no takers
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Here in Indianapolis I have to gather a lot of information from the listing agent. I ask tons of questions, analyze showing data, and tell my investors where they need to be to win. We usually go in above asking (if multiple offers) but also use an Escalation Clause. I also have them limit the inspection or do As Is if they really want it. Rarely do we waive the inspection though.
Post: Indianapolis Handyman Recommendations
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
I have about 5 good ones I've used. DM me.
Post: I've got $500k in cash, how should I invest it?
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Turnkey Indianapolis - Cash flow immediately with about 5% appreciation next decade or so. So many developments and it's so cheap now. Median home price 240k in Indy.
Post: Another Indy Investor Meet Up!
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Last one we had 75 spots and they filled up REAL QUICK. We did a panel discussion with some experienced investors and agents and it was awesome. This next time I'm hoping to have a panel on financing.
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