All Forum Posts by: Tyler Lingle

I'd suggest Indianapolis which has numerous and our renter market is overflowing with tenants needing places. We are one of the quickest growing economies of the midwest!

@Nick Giulioni's team is fantastic. Please reach out too for contacts. I'm a realtor and an investor myself. 

In June 2013 Active Inventory of homes in Indianapolis was around 13,000. 
In June 2023 Active Inventory of homes in Indianapolis is around 4,000. 

There's just not properties hitting the market in the same way as there traditionally has. 

Questions in response: 

- How do you as an investor navigate the biggest issue of our market: Lack of available properties? 

- How do you think this inventory issue shakes out? 

It would seem the problem will only worsen if rates drop and demand increases. 

Quote from @Nick Giulioni:

Hey - unbiased investor here who is willing to give a couple of names.  Kenny nailed it, Tyler is great but I don't think he's looking for more out of state investors. You should hit up Beau or Cindy.

Beau Matlock: [email protected]

Cindy Bulat: [email protected]

Hey Nick, I appreciate it, but that's not true. Looking to work with hungry investors ready for some good deals and ready to take action. Always ready! 

Yes, I shoot out a ton of them on my email list and for those i'm connected with!

Great tips! A longer days on market property always could be a candidate. Failed flips too! 

My advice to Out of State BRRRR-ers is to evaluate firstly if turnkey, in the line of development is not a better use of your time and resources. Secondly, take multiple trips out to our market. Thirdly, make long term relationships based on relationship equity versus quick transactional relationships. It takes a lot of TRUST to win out of state and BRRRR. Speaking from experience helping many out of state investors navigate this process...

Quote from @Joe Villeneuve:

My first tip is to not set a goal of 1 property per year.  It will cause you to make bad choices.  Your goals should be specific and financial.

 If this goal makes it easy in my brain to actually execute year after year... it will lead to financial gain. Practical = Actionable = Results. But I totally see where you're coming from!

Quote from @Adam Servies:

Tyler - I would check out Central Indiana Real Estate Investors Association (CIREIA - https://cireia.wildapricot.org) if you haven't already. I'm attending their monthly meeting tomorrow evening and it looks like they have other regular meetings and events.

 I don't love CIREA but too be honest I probably didn't give it a fair shake. High proportion of newer investors learning versus serious action takers. Again, I might be wrong but that is feedback I'm noticing from a lot. Which is partially why I started my own community and do my own meet ups! 

Quote from @Chris B.:

All three of those are REAL problems and can even be real problems in state also.  The rental business has many facets.  It can be honed to be relative easy to deal with but that's with an upskilled person / team.  My advice for anyone entering the market, not only study up, but get yourself a mentor with good experience.  This will save you years of learning and mistakes.  Investors not having the appropriate skill set, personality, and knowledge and deciding to just jump in - trouble.  Managing out of state yourself with no help.  How do you do this?  Do you fly in for everything that needs management oversight?  This may be illegal in some states and you frequently at least need an in-state official representative.  Agents leading us astray?  I know that that none the amazing agents here will lead someone astray, but this certainly is way more common than I'd like it to be in general.

I agree. I, as well as other agents on here, do have much better reputations! It also leads to accountability. Reviews on BP for example. This is why I also don't recommend using the property manager as your agent. Their revenue stream is typically from managing the property, not specializing in selling. To make the correct buy, you should operate with a trusted partner (realtor) who specializes in doing just that day in and day out, with high accountability.