All Forum Posts by: Tyler Lingle

 C Class for Cash Flow. D = We don't go there. 

Spring Indy Investor Masterclass -- Property Management Deep Dive

Come join us for an exciting event at Guggman Haus Brewing! We will have a panel of property management experts to help you gain clarity on management best practices, how to navigate tenant issues, and how to maximize long-term rental / investment ROI.

Meet Our Speakers

Hayden Steger

Hayden Steger is the owner of Property Partners, a boutique property management company that emphasizes strong communication and personalized services for each client. He has experience managing a variety of asset classes, including single-family and multifamily rentals, self-storage facilities, medical offices, and commercial spaces. In addition to achieving industry-leading returns for landlords, Hayden finds great fulfillment in providing tenants with a level of service that allows them to feel comfortable and safe in their homes.

Jeremy Tallman

Jeremy began his investing career in 2000. He has flipped hundreds of homes throughout his career and currently leads one of Indiana's largest single-family property management companies. Jeremy graduated from Indiana University with a degree in Journalism and later received his MBA from the University of Indianapolis. He and his wife live near downtown Indianapolis and have two adult children, along with a couple of awesome dogs.

Josh Keen

Josh Keen is a real estate investor, broker, and property manager with a background in construction, who began his journey in 2021 with a live-and-flip property in Knoxville, Tennessee. Since then, he has expanded into flips and rentals across Tennessee and Indiana, achieving over $13 million in broker transaction volume and $2 million in flipping and rentals. Josh’s property management company oversees more than 160 units in Indiana cities like Indianapolis, Westfield, and Bloomington, focusing on providing seamless service for investors. He also flips houses, including a recent new build in Indianapolis, and hosts the Keen Talks podcast, where he interviews experts in real estate and business. Josh has been married to his wife Tiffany for five years, and they are raising three children: Jedidiah, Julia, and Josie.

THANK YOU TO OUR SPONSORS WHO MAKE THESE EVENTS POSSIBLE:

These are the venders we trust with our own real estate investments & clients:

Off-Leash Construction

Property Partners Management

Jon Dages with Mamba Mortgage

T&H Realty & Property Management

Resolute Lending

Neu Real Estate Group

Core Insurance Solutions

Approved Mortgage

Top Dog Home Inspection

Indianapolis. Average cash flow is $100-200 / unit. + some appreciation! The median price is well-under the national average around $285,000 for a single family home, however there are great cash flowing assets even closer to $100K (or below!). 

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $330,000
Cash invested: $360,000

A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit. If we rent it we are targeting $1700-1800 / side. Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.

What made you interested in investing in this type of deal?

The location is A+ and near where I live.

How did you find this deal and how did you negotiate it?

Broker, friend connection.

How did you finance this deal?

My partner brought the 25% downpayment.

I would search Off Leash Construction and schedule a call with @Nick Giulioni. They are who you need to talk to to help you handle everything! 

Quote from @Drew Sygit:

@Voley Martin

How high can housing prices in the City of Detroit go?

In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.

In the last 7 years, Detroit housing is up over 300%!

That's an average of 17% annually over that time.

The City of Detroit has not only outperformed every city in the Metro Detroit area, its outperformed every city in the USA from 2014-2024:

Let that sink in for a minute ... you'll probably need more time than that to process this!

Not only did Detroit beat every city in other popular Midwest states like Indiana, Missouri, Ohio, Wisconsin, etc...

Detroit beat every city in the super popular states of Arizona, California, Florida, and Texas - Detroit beat them ALL!

Now let's be real, yes housing values are up overall in the city, but they do vary by Neighborhood. So, it's still NOT a good idea to try to invest by zip codes - which are too big in our opinion/experience. Please stop asking us for "the best" zip codes to invest in.

Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some proprety mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?

 I think this is because so much of it was blighted and worth practically nothing before. Not saying it isn't astounding but it's harder to go from median price of 300-400 than 50-150. 

Hey Joseph, check out Indiana Out of State Investor group on facebook. There's hundreds of wholesalers on there... Many are willing to help out!

For your goals I would strongly consider a growing Metropolitan city in the Midwest -- Columbus, Cincinatti, Indianapolis are all great choices. 

I am from Indianapolis and now have 12 units here in small residential (1-4 unit housing). I can easily achieve the $100 / in pure cash flow. On some of my duplexes / quads I am getting that per unit + some. 

For me, Indianapolis is great because you get cash flow, affordability, landlord-friendly environment + solid appreciation and development. Indianapolis has one of the lowest unemployment rates in the nation for Metro Cities and is sneaky powerhouse of an economy! 

In 2023, I started a real estate agent team, we are investors ourselves so we work from that point of view. Happy to get on a call and chat through your goals! 

Heat Check 🥵 I’m going to give early Spring market in Indy a heat check of 6.5/10. The image below shows inventory from 15 days back. As you can see we have more properties that have gone pending than are new, BUT we do have almost just as many price drops. It’s a weird market… well-priced deals are flying off the shelves while, sub-par deals are price dropping, sometimes multiple times.

Moral of the Story: When rates are still upper 6’s, junk inventory doesn’t move…

To read the rest of this post find it here / suscribe: 

https://indy-investor-update.beehiiv.com/p/heat-check-home-s...

Hi there, I am an investor & agent in Indianapolis. I've scaled a small portfolio to 12 units. I'd love to share some lessons learned and lay of the land!