All Forum Posts by: Ryan Cheek

I am an agent for a brokerage whose line of work is EXACTLY what this post says. Check PM and give me a ring Dalton.

Best of Luck with any and all investments!

To my understanding what Zachary saying is pretty accurate; however, I have one thing I would like to add. I believe the bonus deprecation will jump back up to 100% no matter who is elected, but when the election is over whoever is in office will more than likely pass the bill and take credit for it. 

Please feel free to PM me I have a cost segregation specialist who teaches me everything and knows 10x what I do when it comes to this. Would be more than happy to put you in contact with him.  

Hey Harish,

Great to see you're getting into real estate investing! I'm Ryan, based in Indianapolis, where we specialize in Build-to-Rent (BTR) duplexes. I understand the appeal of turnkey properties, especially when investing out-of-state.

When it comes to turnkey investments, one of the biggest challenges is finding trustworthy providers who deliver quality properties in solid markets. My advice would be to:

1. Research the market: Before choosing a turnkey provider, get a good understanding of the market you want to invest in. You mentioned you're open to multifamily properties, and Indianapolis offers great opportunities for cash flow with lower upfront costs compared to markets like Seattle.
2. Vet turnkey providers: Make sure to vet the provider thoroughly. Look for reviews, ask for references, and verify that the properties are in desirable areas. You could also request a property walkthrough, whether in-person or virtual.
3. Inspect for long-term value: Even though a turnkey property might seem ready to go, always ask about the quality of construction and property management options. With BTR duplexes, you're also investing in newly built homes that tend to have fewer maintenance issues.

We’ve worked with out-of-state investors like yourself and would be happy to share more about our projects in Indianapolis. If you're open to exploring these options, I’d love to connect and discuss further.

Best,
Ryan Cheek
Neu Real Estate Group

 Edward I word for a brokerage and all we do it build BTR multifamily. Would love to ocnnect and share some insight. 

Jello - Josh

I am a real estate agent for a brokerage with a in house builder. We are building duplexes/Quads for investors all the time (currently at 2/week). While I am the agent and not the project manager/builder, I am in construction meetings and see what they do on a daily basis. By no means an expert but feel very knowledgeable in how they move. 

My biggest piece of advice would be to fire fast and get cameras/alarm systems in place. There is tons of things I would be able to share, but this is at the top of the list. When I say fire fast - do not get emotionally attached to the contractors. People either take pride in their work and do a good job or are just chasing a paycheck. Keep the good let go of the bad. 

Feel free to contact me for questions. 

Hey there! Welcome to the investment world, and congrats on taking the first steps!

When it comes to renting to Section 8 (S8) tenants, there are definitely pros and cons to consider:

Pros of S8 Tenants:

• Guaranteed Rent: The government will pay a portion (sometimes all) of the rent, so you'll have consistent cash flow.
• High Demand: There's often a waiting list for S8 housing, meaning less vacancy time.

Cons:

• Property Inspections: Your property will need to pass regular inspections, and repairs/maintenance must meet specific standards.
• Tenant Screening: Just like with non-S8 tenants, tenant quality can vary, so thorough screening is still essential.

As for the down payment, yes, most lenders will require 15-25% down for investment properties. The exact percentage depends on factors like your credit score, the type of loan, and whether you’re buying single-family homes or multi-units.

A few tips:

1. Research both markets thoroughly (Southern California vs. Columbus, OH) in terms of cash flow vs. appreciation. Columbus might offer better cash flow, while SoCal could appreciate faster.
2. Consider your property management strategy—if you're not local to the property, having a reliable manager in place is crucial, especially with S8 tenants.
3. Crunch the numbers: Make sure the deal works in your favor with or without S8 tenants, factoring in all expenses, vacancy rates, and maintenance costs.

Hope this helps! Best of luck on your first investment!

Hey there! Great to see you're exploring the Indianapolis market—it’s a fantastic place for cash-flowing investments, especially with duplexes! As a local real estate agent specializing in new build duplexes, I’d be happy to connect and help you get a solid understanding of the central Indy market. I’ve worked with a number of out-of-state investors and can share insights on the neighborhoods, market trends, and rental demand.

Since you’re visiting in October, I'd love to meet up and go over some potential investment opportunities in person. If you're interested, we can also arrange a property tour to help you get familiar with the area and see what’s available!

Looking forward to connecting!

Best,
Ryan Cheek

Hey Naveen! Great to see you’re planning to invest in college towns in the Midwest—those areas can definitely offer strong rental demand! Kansas, Iowa, and Illinois are solid markets to explore, especially around major universities where housing demand is consistent.

I’d also suggest looking into the Indianapolis market. We’ve seen great returns here with new build-to-rent duplexes, especially in areas with growing populations and close proximity to schools. It's a market that has been popular with out-of-state investors because of its affordability, strong rental demand, and appreciation potential.

If you’re interested in learning more about Indy or would like to chat about how to maximize your first investment, feel free to reach out. Happy to help however I can!

Best of luck on your journey!

Best,
Ryan Cheek

Hey there! First off, congrats on selling your first house and having $150k to invest—that’s a huge milestone! It’s completely normal to feel a bit of analysis paralysis, especially when you’re in a position to make a move.

The choice between a short-term rental (like Airbnb), long-term rentals, or a duplex comes down to your personal preferences and lifestyle. Short-term rentals often bring in higher income but can require more hands-on management (or a property manager). If you're living on the road, this could be a bit challenging unless you're comfortable working with a reliable property management team.

On the flip side, long-term rentals (whether it’s one or two properties) typically offer steadier, more passive income but might not generate as much monthly cash flow. A duplex is a great way to get your feet wet in multifamily investing, giving you two rental incomes under one roof, which can be a great balance between cash flow and passive income.

I’d also suggest looking at markets that offer solid rental returns. Indianapolis, where I work, has a strong build-to-rent duplex market that’s perfect for investors looking for a mix of solid cash flow and appreciation. I’d be happy to walk you through how investors like you are getting started here!

Feel free to reach out if you'd like to chat more about strategy and next steps!

Best,

Ryan Cheek

Hey Gabriella!

It sounds like you're in an exciting phase, and you've got a solid foundation with your home and your interior design business. For your first question, if your goal is to use the equity in your current home, a HELOC could offer you more flexibility to tap into your equity when you're ready. However, with mortgage rates where they are, it might be worth waiting for them to drop a bit to refinance and pull out equity at a better rate.

For your second question, improving your current property to maximize its value before a refinance or HELOC is a smart move. It'll position you to have more cash available for future investments.

In terms of setting up a real estate business, forming an LLC could provide liability protection and allow you to keep personal and business finances separate. Additionally, having your interior design business involved in a multi-use property could be a win-win, allowing you to both house your office and generate rental income from other units.

The Indianapolis market is thriving for real estate investors, particularly in new build multifamily and duplex developments. I’d love to chat with you more about how your design background could pair well with investment strategies here!