All Forum Posts by: Tyler Lingle

I am an investor agent. I'd gladly have a conversation and make a connection, although I definitely don't give out my time unless the ROI on it makes sense. Reach out!

I advise all my clients to use only local banks that I have a rapport with. I ALWAYS have appraisal issues with larger, bureaucratic banks it seems. They all are supposed to have the same "standards" some are just more agile when it comes to it...If you need a great local lender in Indy, reach out!

This is mostly geared towards indy folks! I am looking to acquire one property per year in Indianapolis. I live downtown in Broad Ripple and have lived here all my life, so the geography comes easier. Also, with steady 2-3% per year population growth and a strong, diversified economy I think this is a solid move. Although I am confident I could acquire much more than one per year with more risky / ambitious strategies, my thought it to make my goal super manageable. That being said, I'm looking to connect to other rental property investors in Indianapolis! Trying to cast my network here as wide as possible. Any tips would be great!

Hi, I work for a property management company in Indianapolis, Intrigue Indy. I would suggest offering to pay them to leave which can be less costly and time consuming than an eviction. Offer them 1 or 2 month's rent cost. I would not pay utilities, especially if they are still there. 

I would use AirDNA data to see the occupancy rates. I believe north of 60% is good in Indianapolis. 

Hi Gary, my expertise is primarily in rentals. I would advise getting started with a partner. My first rental was a quadplex and I had a colleague making quite a bit of money, but with little know-how on how to invest in real estate to capture the yields (about 2x stronger than the stock market). He actually approached me and I agreed to be a 50/50 partner even though I supplied a LOT less cash than he. I brought boots-on-the-ground "Sweat Equity". Start networking as much as possible! People are the keys that unlock the doors of real estate. There are no stupid questions either! I still feel like I'm asking obvious questions all the time! 

Try Mowfo Lawn and Landscape 317-457-0070. 

Do you mean small multifamily 2-4 units or large commercial 5+ units? 

Hey Boris, I work as Client Success Manager for Intrigue Indy PM. So, I'm clearly biased. We are a small boutique level firm that specializes in solid, direct communication so you know what's going on. The website is intrigueindy.com . It's 10% / mo. 

Hey! As an agent who works with a decent amount of investors in Indy, it's VERY difficult to cash flow right now, even in B- / C neighborhoods. I would absolutely keep it as a rental and leverage the equity through a HELOC like some others are saying. Keep in mind that the interest rate can fluctuate on those.

For your next I'd consider going with a multifamily. The numbers are a lot stronger cash flow wise with those right now in Indy.