All Forum Posts by: Tyler Lingle
Tyler Lingle has started 51 posts and replied 411 times.
Post: Looking to build my team in Indianapolis
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Hi Froilan, my team would be glad to assist you. We help with sourcing deals, transaction brokering, property management set up / handoff, and can assist with the contractor / scope of work side too if needed. I do have some solid hard money contacts too (ones of which I have personally used). Best!
Post: Best cash flow cities for 2023
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Quote from @Leo R.:
@Johnnie Schneider if this is one of your first real estate investments, I'd suggest being very wary of chasing cashflow. It's the classic conundrum: C and D properties cashflow, but are nearly impossible to manage, A and B properties don't cashflow, but are manageable.
All too often, we see forum posts by inexperienced aspiring investors who bought an OOS property that had "incredible cashflow on paper", and it turns out to be a disaster--a lip-sticked pig house in a D grade neighborhood, non-paying tenants, vacancy, property destruction/crime, and MIA PMs (and an inability to find a new PM--because no PM in their right mind wants to put in the significant effort it takes to manage a D property for the tiny returns the property pays them).
The best cash flowing markets are often not advisable for beginning investors--even less so for beginners trying to operate as a partnership, and even less so for beginners trying to operate as a partnership on OOS investments (all of which makes the operation exponentially more challenging, and nearly impossible in the C and D grade areas that have the best cashflow).
...now, if someone out there knows of a cashflowing A or B market with plentiful tenants and PMs, a strong and diverse economy, and low vacancy, I'm all ears ;) (but, as @Mike Dymski mentioned, if such a market exists, the local operators are understandably keeping it a secret).
Does this mean it's impossible to get cashflow on manageable property? No. But in my experience, cashflow on a good property isn't "found", it's created (i.e.; via value add strategies).
Good luck out there!
This is a great comment and couldn't agree more.
As with anything, there are tradeoffs with real estate. I like to tell my investor clients, if you want to maximize cash flow, be prepared to maximize your active attention to it as well. You pay for what you get.
Post: Indianapolis vs Cincinnati vs Cleveland - First time investor
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Quote from @Nathan Harden:
My biggest questions for you would be are any of these markets close to where you live right now? Have you visited any of these markets to see where to stay away from? Sounds like you're looking for cash flow if you're choosing from these markets. Cleveland and Indy will probably cash flow the best but there are parts of Cleveland that have very high taxes.
Good luck!
Post: Did you use a lawyer to set up your LLC?
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Hey guys,
I personally set up my partner and I's LLC online in about 30 minutes, without the use of a lawyer. However, I'm not sure how robust our operating agreement is.
My question is, do you recommend using a lawyer to set up the operating agreement? Any other ways - legal zoom, etc?
Curious to hear people's advice here.
Post: Looking for Real Estate Agent in Indy Area
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Hi Lifeng! 👋🏽
I'm an investor in Indianapolis RE and an investor-friendly agent. I help investors navigate the Indy market and I can provide a lot of great contacts in the way of property managers, inspector, lenders, etc. I'd love to connect further. I'll shoot you a direct message.
Post: New Member Introduction
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
What's up! Welcome to the Indy BP community! I personally host indy investor meet ups with @Joshua Matthews. I can add you to the list if you want. I'm doing on Feb 16th!
Post: New investor in Indianapolis
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
What's up Domingo! In your shoes I would consider House Hacking aka buying a multifamily and then leasing up the other units. If you get a solid deal you can often live for free or in cash surplus. We can put you in touch with some lenders offering creative loans like 5.8% ARMs to ease the monthly payment constraints. Look forward to speaking!
Post: Looking for hard money lender in Indiana
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
I'd love to help. Reach out.
Post: MultiFamily in Indiana
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
@Kristen L Garner does lend to Indiana and I've worked with her before :). That 9-unit has some odd tiny units high-tailed on the back. Funky property. However, cash flow could be good and that area has had 15%+ appreciation on the year... I'd love to help, I'm an agent in the area and I've done a ton of deals w/ investors!
Post: Building the Boots on the Ground Team - Indiana
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
I have experience investing in Indianapolis. 7 doors now.
I personally like investing in the developing markets (transitioning from C to B neighborhood where commercial & residential revitalization is happening). A lot of that in urban Indy!
Average deal is going to cash flow $100 / door right now leveraged due to rates. Great deals can of course be a lot more.
Appreciation should be strong, not double digits but I'm anticipating great growth as our population expands and GDP keeps going up (40% growth in Indiana in the past decade GDP wise).
I'd love to help you!