All Forum Posts by: Tyler Lingle
Tyler Lingle has started 51 posts and replied 411 times.
Post: Indianapolis - Neighborhoods to invest
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Quote from @Jake Knight:
Hi Hadas,
Greenfield: Nice blue collar market with continued growth, decent schools
Greenwood: Growth market, good schools, centrally South of Indy. Mostly A/B properties
Plainfield: Smaller version of greenwood
Mapleton-Fall Creek: Gentrifying area, a lot of active buy and flips.
Beech Grove: Older well established blue collar. Central location.
Garfield Park: Growing area, up and coming.
Brownsburg: A/B properties, great schools, growing area
Irvington: Old historic neighborhood, good rents but not high end
Eagledale - Affordable C class neighborhood
Lawrence: ton of rentals, North Lawrence is A - South Lawrence is C.
Little Flower - Small neighborhood North of Irvington, not as much presitge but has some historic attractiveness depending on street
Hope this helps!
This is really high signal... The elephant in the room is where of these can you cash flow actually (rent to price ratio being sufficient). That would be Eagledale & Little Flower. If rates dropped then Garfield Park, Lawrence, Greenfield, Mapleton-Fallcreek, Irvington, Beech Grove.
Brownsburg / Plainfield / Greenwood may be great for finding families / long term residents but the appreciation there has made is quite difficult to cash flow unless you want to wait a few years.
Post: Where can I research for the demand for MTR? (Kokomo, Indiana)
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Hi there, I personally know investors doing MTR in Kokomo and other small mid sized Indiana cities like Muncie, New Castle etc. Would love to connect to point you in the right direction!
Post: Indianapolis Area Meetups
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Hi there! We have numerous events. February 15th @ 6-8pm we have a sweet panel event discussing How to Break Into Real Estate with Low to No Money Down. Should be a great discussion and even go into some high-level concepts surrounding private money / equity deals! To sign up for our events notifications you can go to https://rootsrealty.com/investor-events/ Would love to connect in general about your goals!
Post: Filling Units for Residential MF
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
It's hard to lease in December. Period. Drop the rent, get someone in. And do a 15-16 month lease. Worked for me.
Post: Keep existing portfolio or keep growing it?
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Have you thought about leveraging then de-leveraging?
AKA using DSCR loans, HELOCS, cash-out refis to gain more units in growing markets. Then, once you have had enough, sell the ones with the most equity to help pay off the others. Leverage-to-Deleverage eventually type of thing.
This is my current game plan. Concerning management piece, you need to hire a friend / family member / acquaintance to start helping you manage, especially at 50 unit count. Bring it in house and teach them your systems. This will save you money and time.
Post: Location - Trying to nail down a location for my first investment property
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Would be happy to elaborate on the many benefits of Indianapolis -- High affordability, High rent growth, Relatively strong appreciation, Less risk during economic downturns historically. Invest Midwest!
Post: Cash cow duplex
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Nice. We do the same. I actually really like Multifamily with one unit as Long term and others as MTR or STR. It's a nice oscillation. Well done!
Post: Cash cow duplex
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
Awesome! What type of STR traffic comes through normally in this location from your experience?
Post: I need GC recommendations in Indianapolis
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
I'd recommend @Nick Giulioni's team called Off Leash Construction. You should be able to Google it.
Post: Location - Trying to nail down a location for my first investment property
- Real Estate Consultant
- Indianapolis, IN
- Posts 432
- Votes 287
The best for consistent population growth, affordability / ease of entry, history weathering recessions well, high rental demand is Indianapolis, IN and Columbus, OH. I recommend Indy only because I'm highly biased because I live & work here...