All Forum Posts by: Tyler Lingle

Hey! Lots of deals at nice PP but that's because outlook doesn't look too great, especially outside of Irvington / Little Flower / Emerson Heights region. People may not like that I say this but I think that gentrification in the interior of Indy is displacing folks to the peripheries of Indy... south Lawrence, Perry township, pike, etc. 

I am under contract with an investor in Indianapolis on a SFR and the home has well water. I wanted to check in with the BP community- what things should I make sure to discuss with the client and point out with wells and a rental property? Any help would be fabulous.

Would you treat a rental nice if you had it paid for by the government? IMO Section 8 is only something to do if you support the cause, low income housing. Otherwise it is a short term cash flow play for long term asset depreciation and lots of turnover. 

I would pitch family members or a friend on a 1-2 year term loan and purchase a value add SF home. 

Keep it for 1-2 years, add value to it, and then pay your private money off once you sell it. 

We still have very low inventory nation wide and it's quite likely if you buy right the home will be worth a lot more, especially with forced appreciation. 

Hey Michael, STR's do modestly well. I feel as though you can double your monthly income, on average, doing STR. AirDnA.com is well worth a subscription to see comps and revenue for the entire city or just a specific neighborhood. That's what I used when underwriting my airbnb in Christian park.

Hi Kayla, i'd love to connect. I started in RE a newbie less than a year ago. I've now helped more than 30 clients secure their home or investment property. Indy is awesome and super up and coming!

Hey there! 
Wanted to jump in here to make the case for Indianapolis. We are the 2nd most affordable large metro area and yet the fastest growing large metro in the Midwest, with consistent population growth year after year, supported by our diverse, strong economy. There are tons of duplexes. Some from lower 100s all the way to higher priced ones that can be converted to townhomes for a really nice ARV. Would love to chat more!

All deals are, for the most part, thin on the margins right now. But will it get better by waiting? Likely not. Interest rates have no indication of going down soon and neither do home prices. Locking in a cash flowing asset right now is honestly critical. Again, just my two cents. 

Looks like I didn't get this off the ground. Let me do some planning here on this if everyone is still interested. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $165,000
Cash invested: $40,000

Contributors:
Cory Paul

We are using this as an Airbnb in the Christian Park neighborhood. Using comps on Airdna I determined an expected annual revenue of ~$2100 / mo. Expenses will be around $1400-1500 / mo.